3, LUTEA CLOSE, LAINDON, BASILDON, SS15 4HB - £312,000

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.

3 LUTEA CLOSE is a detached house, which could now be worth an estimated £602,286. It was last sold for £312,000 in May 2012, which was around 9% below the average May 2012 detached price in the Basildon local authority area.

3 LUTEA CLOSE Sold Prices

Land registry data shows four sales for 3 LUTEA CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Basildon local authority area for the corresponding sale date. Most of the four 3 LUTEA CLOSE sales were for below 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
2012 4 MAY	£312,000	£341,434	9% below HPI
2006 31 MAR	£249,995	£311,352	20% below HPI
2003 12 DEC	£245,000	£284,761	14% below HPI
1997 28 FEB	£120,000	£109,235	10% above HPI

What might 3 LUTEA CLOSE be worth now?

3 LUTEA CLOSE might now be worth an estimated £602,286.

This is based on house price inflation of 93%, between May 2012 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 93% inflationary increase is applied to the most recent sale price for 3 LUTEA CLOSE of £312,000 on 4th May 2012. For the value to have increased from £312,000 to £602,286 over the fourteen years to May 2026, the following assumptions must hold true:

• The value of 3 LUTEA CLOSE has moved in line with the HPI for detached houses in the Basildon local authority area.
• The May 2012 sale price of £312,000 represented a fair market value for the property.
• The size, condition, and specification of 3 LUTEA CLOSE has not materially changed since May 2012.

Where is 3 LUTEA CLOSE?

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