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Basildon House Prices Basildon House Prices

The average house price in Basildon is £287,967 using HM Land Registry data.

The average property price increased by £83,419 (29.26%) over the last 5 years and increased by £16,672 (4.74%) over the last 12 months.

Over the last year, there were 892 residential property sales – a decrease of 530 transactions (-59.42%) relative to the previous year. The majority of house sales (267) were in the £310,000 - £370,000 range. Then came properties in the £250,000 - £310,000 range, where 191 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 71 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-11,854 (-2%).

In April 2024, there were 222 new estate agency instructions, 133 agreed home sales and 134 property price reductions.

Neighbouring Areas: Wickford

Postcodes Covered: CM11, CM12, RM14, SS12, SS13, SS14, SS15, SS16, SS17

5-Year Average Property Prices in Basildon

29.26%

Property prices in Basildon increased by 29.26% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in Basildon Over the Last Year

4.74%

Property prices in Basildon increased by 4.74% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Property Market Heat Gauge for Basildon - April 2024

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 61 to 80 days, the broad evidence suggests a slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a market slowdown or a combination of both. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in some relisting the property at a later date). Others simply reduce the price to a level that will entice more buyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in Basildon

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in Basildon

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in Basildon

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the Basildon since 1995

Using HM Land Registry data, this chart displays average annual house prices in the Basildon area since 1995.

Recent Property Sales in Basildon

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
282 Great Knightleys, Basildon, Essex, SS15 5EU£365,000£348,000-£17,00030 Sep 202322 Mar 2024174 Days
73 Roodegate, Basildon, Essex, SS14 2AX£365,000£355,000-£10,00022 Sep 202311 Mar 2024171 Days
112 Shepeshall, Basildon, Essex, SS15 5EN£140,000£140,000£0020 Sep 202305 Mar 2024167 Days
3 Clayburn Side, Basildon, Essex, SS14 1QB£290,000£290,000£0013 Sep 202305 Mar 2024174 Days
52 Honeypot Lane, Fryerns, Basildon, Essex, SS14 2LJ£325,000£320,000-£5,00023 Aug 202329 Feb 2024190 Days
56 Little Searles, Pitsea, Basildon, Essex, SS13 1NE£350,000£330,000-£20,00002 Jun 202323 Feb 2024266 Days
62 Waterville Drive, Vange, Basildon, Essex, SS16 4TY£195,000£185,000-£10,00020 Sep 202316 Feb 2024149 Days
12 Holbech Road, Basildon, Essex, SS14 3NF£400,000£400,000£0012 Sep 202316 Feb 2024157 Days
305 Witchards, Basildon, Essex, SS16 5BN£260,000£235,000-£25,00007 Sep 202309 Feb 2024155 Days
37 Sherbourne Drive, Basildon, Essex, SS13 1RH£375,000£370,000-£5,00023 Oct 202307 Feb 2024107 Days
31 Kent View Road, Basildon, Essex, SS16 4JZ£330,000£325,000-£5,00009 Sep 202301 Feb 2024145 Days
8 Tyler Avenue, Basildon, Essex, SS15 5UR£400,000£395,000-£5,00023 Aug 202301 Feb 2024162 Days
9a, King Edward Road, Basildon, Essex, SS15 6JF£200,000£198,000-£2,00002 Oct 202331 Jan 2024121 Days
9 Cambridge Close, Langdon Hills, Basildon, Essex, SS16 6UW£450,000£450,000£0025 Oct 202329 Jan 202496 Days
8 Oakham Close, Langdon Hills, Basildon, Essex, SS16 6NX£415,000£405,000-£10,00019 Jul 202326 Jan 2024191 Days
34 Fraser Close, Laindon, Basildon, Essex, SS15 6SU£375,000£375,000£0030 Aug 202326 Jan 2024149 Days
67 Bostocke Close, Laindon, Basildon, Essex, SS15 5ET£270,000£265,000-£5,00026 Dec 202217 Jan 2024387 Days
100 Chestnut Road, Vange, Basildon, Essex, SS16 4TQ£120,000£115,000-£5,00002 Oct 202312 Jan 2024102 Days
1 Hayrick Close, Langdon Hills, Basildon, Essex, SS16 6SY£725,000£710,000-£15,00008 Dec 202310 Jan 202433 Days
5 Gordons, Basildon, Essex, SS13 3DZ£290,000£290,000£0018 Jul 202319 Dec 2023154 Days

Most Expensive Streets in Basildon

PostcodeStreetAreaAverageNo. of Sales
SS16 5PAWestley RoadLangdon Hills£919,3754
SS17 8QEKirkham RoadHorndon On The Hill£855,0003
RM14 3EDBlackthorne CloseBulphan£812,2179
SS16 6BSGreat Berry LaneLangdon Hills£771,2504
RM14 3EBFarriers WayBulphan£723,38541
RM14 3EGLaurel DriveBulphan£706,26215
SS15 4DUKimberley DriveBasildon£684,0003
SS16 6HJGrove AvenueLangdon Hills£682,0003
SS16 5NZStacey DriveLangdon Hills£680,7005
SS16 6LZPrescottLangdon Hills£680,0004

Least Expensive Streets in Basildon

PostcodeStreetAreaAverageNo. of Sales
SS14 1FHThe IconSouthernhay£80,0003
SS16 4FHWithams ApartmentsRedgrave Road£110,5836
SS13 1PXLanham PlaceBasildon£115,0004
SS15 5BJPamplinsBasildon£115,3333
SS15 5ZQMaplewood CourtLong Lynderswood£119,7004
SS16 4TFRyedene PlaceBasildon£122,3333
SS16 4TERyedene CloseBasildon£125,3313
SS13 3FBCleves CourtStation Lane£128,61311
SS13 1BQRiffams CourtBasildon£135,5008
SS15 5JRBallards WalkBasildon£136,0003

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