24, SPRUCE CLOSE, LAINDON, BASILDON, SS15 4DF - £127,000

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.

24 SPRUCE CLOSE is a very small flat of 41m², built sometime between 1991 and 1995, which could now be worth an estimated £167,562. It was last sold for £127,000 in September 2015, which was around 9% below the average September 2015 flat price in the Basildon local authority area. The most recent EPC inspection was March 2013, where the current energy rating was D, and the potential energy rating was C.

24 SPRUCE CLOSE Sold Prices

Land registry data shows two sales for 24 SPRUCE CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average flat price in the Basildon local authority area for the corresponding sale date. One of the two 24 SPRUCE CLOSE sales was for below the average price, whilst the other was 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 SEP	£127,000	£139,007	9% below HPI
2006 20 OCT	£118,950	£114,584	4% above HPI

What might 24 SPRUCE CLOSE be worth now?

24 SPRUCE CLOSE might now be worth an estimated £167,562.

This is based on house price inflation of 31.9%, between September 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 31.9% inflationary increase is applied to the most recent sale price for 24 SPRUCE CLOSE of £127,000 on 30th September 2015. For the value to have increased from £127,000 to £167,562 over the eleven years and five months to April 2026, the following assumptions must hold true:

• The value of 24 SPRUCE CLOSE has moved in line with the HPI for flats in the Basildon local authority area.
• The September 2015 sale price of £127,000 represented a fair market value for the property.
• The size, condition, and specification of 24 SPRUCE CLOSE has not materially changed since September 2015.

How Large is 24 SPRUCE CLOSE?

24 SPRUCE CLOSE is 41m² according to the EPC inspection conducted in March 2013. This puts it in the smallest 20% of flats in Basildon, based on EPC data. 11% of flats are smaller than 24 SPRUCE CLOSE, and 86% of flats are larger. Note that EPC data is not available for all properties in Basildon.

24 SPRUCE CLOSE: Plot

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

Where is 24 SPRUCE CLOSE?

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