38, LOWER STREET, BASILDON, SS15 4BB - £187,500

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.

38 LOWER STREET is a small flat of 45m², built sometime between 1967 and 1975, which could now be worth an estimated £174,978. It was last sold for £187,500 in February 2023, which was around 5% below the average February 2023 flat price in the Basildon local authority area. The most recent EPC inspection was September 2022, where the current energy rating was C, and the potential energy rating was C.

38 LOWER STREET Sold Prices

Land registry data shows three sales for 38 LOWER STREET since 1^st January 1995. The below table shows the price paid for the three sales, along with the average flat price in the Basildon local authority area for the corresponding sale date. All of the three 38 LOWER STREET 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
2023 2 FEB	£187,500	£198,259	5% below HPI
1999 22 DEC	£44,000	£45,883	4% below HPI
1997 14 FEB	£30,000	£34,825	14% below HPI

What might 38 LOWER STREET be worth now?

38 LOWER STREET might now be worth an estimated £174,978.

This is based on house price deflation of 6.7%, between February 2023 and May 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 6.7% deflationary decrease is applied to the most recent sale price for 38 LOWER STREET of £187,500 on 2nd February 2023. For the value to have decreased from £187,500 to £174,978 over the two years and nine months to May 2026, the following assumptions must hold true:

• The value of 38 LOWER STREET has moved in line with the HPI for flats in the Basildon local authority area.
• The February 2023 sale price of £187,500 represented a fair market value for the property.
• The size, condition, and specification of 38 LOWER STREET has not materially changed since February 2023.

How Large is 38 LOWER STREET?

38 LOWER STREET is 45m² according to the EPC inspection conducted in September 2022. This puts it in the smallest 30% of flats in Basildon, based on EPC data. 23% of flats are smaller than 38 LOWER STREET, and 75% of flats are larger. Note that EPC data is not available for all properties in Basildon.

38 LOWER STREET: Plot

38 LOWER STREET sits on a plot of roughly 0.167 of an acre, or 675m².

Where is 38 LOWER STREET?

38 LOWER STREET is located in BASILDON, in the SS15 postcode district.