THE LEES, UPPER AVENUE, BASILDON, SS13 2LR - £425,000

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.

THE LEES is a large detached house of 170m², built sometime between 1930 and 1949, which could now be worth an estimated £422,737. It was last sold for £425,000 in September 2023, which was around 36% below the average September 2023 detached price in the Basildon local authority area. The most recent EPC inspection was April 2021, where the current energy rating was D, and the potential energy rating was C.

THE LEES Sold Prices

Land registry data shows two sales for THE LEES since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Basildon local authority area for the corresponding sale date. Both of the two THE LEES 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 22 SEP	£425,000	£663,231	36% below HPI
2021 3 SEP	£600,000	£604,888	1% below HPI

THE LEES Price Paid vs. HPI Average

The below graph shows the average detached house price in the Basildon local authority area over time, sourced from the HPI. The two THE LEES sales from September 2021 and September 2023 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the September 2021 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the September 2023 sale, where it falls to 36% below the HPI. The line then continues to track at 36% below the HPI.

What might THE LEES be worth now?

THE LEES might now be worth an estimated £422,737.

This is based on house price deflation of 0.5%, between September 2023 and April 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 0.5% deflationary decrease is applied to the most recent sale price for THE LEES of £425,000 on 22nd September 2023. For the value to have decreased from £425,000 to £422,737 over the three years and five months to April 2026, the following assumptions must hold true:

• The value of THE LEES has moved in line with the HPI for detached houses in the Basildon local authority area.
• The September 2023 sale price of £425,000 represented a fair market value for the property.
• The size, condition, and specification of THE LEES has not materially changed since September 2023.

How Large is THE LEES?

THE LEES is 170m² according to the EPC inspection conducted in April 2021. This puts it in the largest 30% of detached houses houses in North Benfleet, based on EPC data. The below chart shows the distribution of detached houses houses by size in North Benfleet, and where THE LEES lies on this distribution: 78% of detached houses houses are smaller than THE LEES, and 22% of houses are larger. Note that EPC data is not available for all properties in North Benfleet.

THE LEES: Plot and Title Map

THE LEES sits on a plot of roughly 0.183 of an acre, or 739m². The below map shows the location of THE LEES, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of THE LEES). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is THE LEES?

THE LEES is located on UPPER AVENUE in BASILDON, in the SS13 postcode district. The below map shows the position of THE LEES on UPPER AVENUE.