38, SPRUCE CLOSE, LAINDON, BASILDON, SS15 4DF - £129,950

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 SPRUCE CLOSE is a very small flat of 40m², built sometime between 1983 and 1990, which could now be worth an estimated £171,454. It was last sold for £129,950 in September 2015, which was around 7% below the average September 2015 flat price in the Basildon local authority area. The most recent EPC inspection was May 2015, where the current energy rating was C, and the potential energy rating was C.

38 SPRUCE CLOSE Sold Prices

Land registry data shows four sales for 38 SPRUCE CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average flat price in the Basildon local authority area for the corresponding sale date. Most of the four 38 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 11 SEP	£129,950	£139,007	7% below HPI
2006 18 SEP	£117,000	£114,800	2% above HPI
2004 16 DEC	£112,500	£108,026	4% above HPI
2001 5 APR	£59,000	£54,112	9% above HPI

What might 38 SPRUCE CLOSE be worth now?

38 SPRUCE CLOSE might now be worth an estimated £171,454.

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 38 SPRUCE CLOSE of £129,950 on 11th September 2015. For the value to have increased from £129,950 to £171,454 over the eleven years and five months to April 2026, the following assumptions must hold true:

• The value of 38 SPRUCE CLOSE has moved in line with the HPI for flats in the Basildon local authority area.
• The September 2015 sale price of £129,950 represented a fair market value for the property.
• The size, condition, and specification of 38 SPRUCE CLOSE has not materially changed since September 2015.

How Large is 38 SPRUCE CLOSE?

38 SPRUCE CLOSE is 40m² according to the EPC inspection conducted in May 2015. This puts it in the smallest 20% of flats in Basildon, based on EPC data. 10% of flats are smaller than 38 SPRUCE CLOSE, and 89% of flats are larger. Note that EPC data is not available for all properties in Basildon.

38 SPRUCE CLOSE: Plot

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

Where is 38 SPRUCE CLOSE?

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