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House Prices in SS16

The average house price in SS16 (Basildon) is £341,200 using HM Land Registry data.

The average property price increased by £60,606 (30.75%) over the last 5 years and increased by £12,144 (4.49%) over the last 12 months.

Over the last year, there were 232 residential property sales – a decrease of 81 transactions (-34.91%) relative to the previous year. The majority of house sales (69) were in the £264,000 - £338,000 range. Then came properties in the £338,000 - £412,000 range, where 37 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 £-9,115 (-2%).

In Oct 24, there were new estate agency instructions, 62 agreed home sales and 45 property price reductions.

5-Year Average Property Prices in SS16 (Basildon)

30.75%

Property prices in Basildon increased by 30.75% 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 SS16 (Basildon) Over the Last Year

4.49%

Property prices in Basildon increased by 4.49% 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.

Property Market Heat Gauge for SS16 (Basildon) - Oct 24

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 SS16 (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 SS16 (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 SS16 (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 SS16 (Basildon) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the SS16 postcode area since 1995.

Recent Sales in SS16 (Basildon)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
37 Gernons, Basildon, Essex, SS16 5TN	£325,000	£317,500	-£7,500	29 May 2024	16 Aug 2024	79 Days
20 Aylesbury Drive, Langdon Hills, Basildon, Essex, SS16 6UL	£450,000	£440,000	-£10,000	21 Jul 2023	15 Aug 2024	391 Days
237 Clay Hill Road, Basildon, Essex, SS16 4AB	£400,000	£390,000	-£10,000	05 Mar 2024	09 Aug 2024	157 Days
7 Durrington Close, Basildon, Essex, SS16 5UU	£240,000	£202,500	-£37,500	05 Aug 2023	31 May 2024	300 Days
44 Gaynesford, Basildon, Essex, SS16 5SQ	£300,000	£300,000	£00	26 Mar 2024	28 May 2024	63 Days
1 Cross Green, Basildon, Essex, SS16 5QW	£170,000	£165,000	-£5,000	29 Sep 2023	28 May 2024	242 Days
38 Kiln Shaw, Langdon Hills, Basildon, Essex, SS16 6LE	£240,000	£230,000	-£10,000	27 Oct 2023	15 May 2024	201 Days
69 Downs Grove, Basildon, Essex, SS16 4QL	£300,000	£300,000	£00	14 Feb 2024	10 May 2024	86 Days
66 Waldegrave, Basildon, Essex, SS16 5EQ	£290,000	£280,000	-£10,000	30 Jan 2024	08 May 2024	99 Days
54 Ardleigh, Basildon, Essex, SS16 5RB	£350,000	£340,000	-£10,000	20 Sep 2023	15 Apr 2024	208 Days
38 Warwick Place, Langdon Hills, Basildon, Essex, SS16 6DU	£325,000	£322,000	-£3,000	08 Jan 2024	12 Apr 2024	95 Days
12 Maple Tree Lane, Langdon Hills, Basildon, Essex, SS16 6SL	£550,000	£525,000	-£25,000	04 Jul 2023	28 Mar 2024	268 Days
17 Russetts, Langdon Hills, Basildon, Essex, SS16 6SH	£350,000	£345,000	-£5,000	21 Sep 2023	28 Mar 2024	189 Days
9 Kilowan Close, Langdon Hills, Basildon, Essex, SS16 6UT	£600,000	£585,000	-£15,000	31 Oct 2023	28 Mar 2024	149 Days
223 Great Gregorie, Basildon, Essex, SS16 5QU	£375,000	£365,000	-£10,000	19 Aug 2023	27 Mar 2024	221 Days
15 Morrells, Basildon, Essex, SS16 5TX	£375,000	£375,000	£00	09 Oct 2023	25 Mar 2024	168 Days
54 Gun Hill Place, Basildon, Essex, SS16 5UY	£400,000	£385,000	-£15,000	31 Aug 2023	22 Mar 2024	204 Days
11 Sparrows Herne, Basildon, Essex, SS16 5JH	£585,000	£583,500	-£1,500	08 Aug 2023	22 Mar 2024	227 Days
51 Bardfield, Basildon, Essex, SS16 4JW	£280,000	£280,000	£00	27 Sep 2023	15 Mar 2024	170 Days
10 Puckleside, Langdon Hills, Basildon, Essex, SS16 5XD	£260,000	£250,000	-£10,000	01 Nov 2023	15 Mar 2024	135 Days

Most Expensive Streets in SS16 (Basildon)

Postcode	Street	Area	Average	No. of Sales
SS16 5PA	Westley Road, Langdon Hills	Basildon	£919,375	4
SS16 6BS	Great Berry Lane, Langdon Hills	Basildon	£771,250	4
SS16 6LX	Ross Way, Langdon Hills	Basildon	£692,500	5
SS16 6HJ	Grove Avenue, Langdon Hills	Basildon	£682,000	3
SS16 6LZ	Prescott, Langdon Hills	Basildon	£680,000	4
SS16 5TU	Fletchers	Basildon	£678,000	5
SS16 6SQ	Cottis Close, Langdon Hills	Basildon	£654,000	5
SS16 5NZ	Stacey Drive, Langdon Hills	Basildon	£648,083	6
SS16 6SY	Hayrick Close, Langdon Hills	Basildon	£629,166	3
SS16 5LF	Siggers Crescent, Langdon Hills	Basildon	£623,995	5

Least Expensive Streets in SS16 (Basildon)

Postcode	Street	Area	Average	No. of Sales
SS16 4FH	Withams Apartments, Redgrave Road	Basildon	£109,071	7
SS16 4TF	Ryedene Place	Basildon	£122,333	3
SS16 4TE	Ryedene Close	Basildon	£125,331	3
SS16 4TB	Chestnut Road, Vange	Basildon	£145,571	7
SS16 4NW	Kingswood Court, Clay Hill Road	Basildon	£147,166	3
SS16 6GB	Victoria Court, Milton Green	Basildon	£147,916	3
SS16 4XJ	The Glen, Vange	Basildon	£161,500	5
SS16 4TZ	Waterville Drive, Vange	Basildon	£165,071	7
SS16 5GB	Wootten House, Cherrydown West	Basildon	£165,916	3
SS16 4UB	Chestnut Court, High Road	Basildon	£167,000	4