1, LUTEA CLOSE, LAINDON, BASILDON, SS15 4HB - £235,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

1 LUTEA CLOSE is a detached house, which could now be worth an estimated £587,246. It was last sold for £235,000 in December 2002, which was around 11% below the average December 2002 detached price in the Basildon local authority area.

1 LUTEA CLOSE Sold Prices

Land registry data shows three sales for 1 LUTEA CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Basildon local authority area for the corresponding sale date. The three 1 LUTEA CLOSE sales were a mix of below the average price, and roughly equal to the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2002 13 DEC	£235,000	£263,756	11% below HPI
1998 23 JUL	£125,000	£129,504	3% below HPI
1997 28 FEB	£109,202	£109,235	Close to HPI

What might 1 LUTEA CLOSE be worth now?

1 LUTEA CLOSE might now be worth an estimated £587,246.

This is based on house price inflation of 149.9%, between December 2002 and May 2026, for detached houses, in the Basildon local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 149.9% inflationary increase is applied to the most recent sale price for 1 LUTEA CLOSE of £235,000 on 13th December 2002. For the value to have increased from £235,000 to £587,246 over the 24 years and seven months to May 2026, the following assumptions must hold true:

• The value of 1 LUTEA CLOSE has moved in line with the HPI for detached houses in the Basildon local authority area.
• The December 2002 sale price of £235,000 represented a fair market value for the property.
• The size, condition, and specification of 1 LUTEA CLOSE has not materially changed since December 2002.

Where is 1 LUTEA CLOSE?

1 LUTEA CLOSE is located in LAINDON, in the SS15 postcode district.