42, SPRUCE CLOSE, LAINDON, BASILDON, SS15 4DF - £175,000

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.

42 SPRUCE CLOSE is a very small flat of 40m², built sometime between 1983 and 1990, which could now be worth an estimated £168,239. It was last sold for £175,000 in September 2023, which was around 8% below the average September 2023 flat price in the Basildon local authority area. The most recent EPC inspection was February 2016, where the current energy rating was D, and the potential energy rating was C.

42 SPRUCE CLOSE Sold Prices

Land registry data shows four sales for 42 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. two of the four 42 SPRUCE CLOSE sales were for below the average price, and four 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
2023 1 SEP	£175,000	£190,774	8% below HPI
2016 19 MAY	£143,000	£154,539	7% below HPI
2005 5 AUG	£119,500	£111,012	8% above HPI
2003 31 JAN	£94,500	£85,117	11% above HPI

What might 42 SPRUCE CLOSE be worth now?

42 SPRUCE CLOSE might now be worth an estimated £168,239.

This is based on house price deflation of 3.9%, between September 2023 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 3.9% deflationary decrease is applied to the most recent sale price for 42 SPRUCE CLOSE of £175,000 on 1st September 2023. For the value to have decreased from £175,000 to £168,239 over the three years and five months to April 2026, the following assumptions must hold true:

• The value of 42 SPRUCE CLOSE has moved in line with the HPI for flats in the Basildon local authority area.
• The September 2023 sale price of £175,000 represented a fair market value for the property.
• The size, condition, and specification of 42 SPRUCE CLOSE has not materially changed since September 2023.

How Large is 42 SPRUCE CLOSE?

42 SPRUCE CLOSE is 40m² according to the EPC inspection conducted in February 2016. This puts it in the smallest 20% of flats in Basildon, based on EPC data. 10% of flats are smaller than 42 SPRUCE CLOSE, and 89% of flats are larger. Note that EPC data is not available for all properties in Basildon.

42 SPRUCE CLOSE: Plot

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

Where is 42 SPRUCE CLOSE?

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