41, COMMON LANE, BENFLEET, SS7 3TB - £170,000

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.

41 COMMON LANE is a small flat of 46m², built sometime between 1967 and 1975, which could now be worth an estimated £156,699. It was last sold for £170,000 in November 2022, which was around 5% below the average November 2022 flat price in the Castle Point local authority area. The most recent EPC inspection was July 2022, where the current energy rating was C, and the potential energy rating was C.

41 COMMON LANE Sold Prices

Land registry data shows two sales for 41 COMMON LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average flat price in the Castle Point local authority area for the corresponding sale date. Both of the two 41 COMMON LANE 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
2022 9 NOV	£170,000	£178,385	5% below HPI
2016 31 MAR	£125,000	£131,187	5% below HPI

What might 41 COMMON LANE be worth now?

41 COMMON LANE might now be worth an estimated £156,699.

This is based on house price deflation of 7.8%, between November 2022 and July 2026, for flats, in the Castle Point local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 7.8% deflationary decrease is applied to the most recent sale price for 41 COMMON LANE of £170,000 on 9th November 2022. For the value to have decreased from £170,000 to £156,699 over the four years and four months to July 2026, the following assumptions must hold true:

• The value of 41 COMMON LANE has moved in line with the HPI for flats in the Castle Point local authority area.
• The November 2022 sale price of £170,000 represented a fair market value for the property.
• The size, condition, and specification of 41 COMMON LANE has not materially changed since November 2022.

How Large is 41 COMMON LANE?

41 COMMON LANE is 46m² according to the EPC inspection conducted in July 2022. This puts it in the smallest 30% of flats in Thundersley, based on EPC data. 22% of flats are smaller than 41 COMMON LANE, and 77% of flats are larger. Note that EPC data is not available for all properties in Thundersley.

41 COMMON LANE: Plot

41 COMMON LANE sits on a plot of roughly 0.758 of an acre, or 3,067m².

Where is 41 COMMON LANE?

41 COMMON LANE is located in BENFLEET, in the SS7 postcode district.