22, SPRUCE CLOSE, LAINDON, BASILDON, SS15 4DF - £125,000

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.

22 SPRUCE CLOSE is a very small flat of 38m², built sometime between 1983 and 1990, which could now be worth an estimated £172,108. It was last sold for £125,000 in April 2015, which was around 6% below the average April 2015 flat price in the Basildon local authority area. The most recent EPC inspection was April 2009, where the current energy rating was E, and the potential energy rating was D.

22 SPRUCE CLOSE Sold Prices

Land registry data shows five sales for 22 SPRUCE CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average flat price in the Basildon local authority area for the corresponding sale date. Most of the five 22 SPRUCE CLOSE sales were for above 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
2015 30 APR	£125,000	£133,204	6% below HPI
2006 28 JUL	£122,000	£113,882	7% above HPI
2004 22 JUL	£109,995	£104,641	5% above HPI
2002 6 DEC	£93,500	£83,972	11% above HPI
2001 29 JUN	£54,000	£56,451	4% below HPI

What might 22 SPRUCE CLOSE be worth now?

22 SPRUCE CLOSE might now be worth an estimated £172,108.

This is based on house price inflation of 37.7%, between April 2015 and April 2026, for flats, in the Basildon local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 37.7% inflationary increase is applied to the most recent sale price for 22 SPRUCE CLOSE of £125,000 on 30th April 2015. For the value to have increased from £125,000 to £172,108 over the eleven years to April 2026, the following assumptions must hold true:

• The value of 22 SPRUCE CLOSE has moved in line with the HPI for flats in the Basildon local authority area.
• The April 2015 sale price of £125,000 represented a fair market value for the property.
• The size, condition, and specification of 22 SPRUCE CLOSE has not materially changed since April 2015.

How Large is 22 SPRUCE CLOSE?

22 SPRUCE CLOSE is 38m² according to the EPC inspection conducted in April 2009. This puts it in the smallest 10% of flats in Basildon, based on EPC data. 7% of flats are smaller than 22 SPRUCE CLOSE, and 93% of flats are larger. Note that EPC data is not available for all properties in Basildon.

22 SPRUCE CLOSE: Plot

22 SPRUCE CLOSE sits on a plot of roughly 0.224 of an acre, or 906m².

Where is 22 SPRUCE CLOSE?

22 SPRUCE CLOSE is located in LAINDON, in the SS15 postcode district.