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House Prices in SS16

The average house price in SS16 (Basildon) is £316,038 using HM Land Registry data.

The average property price increased by £63,534 (30.75%) over the last 5 years and increased by £12,701 (4.49%) over the last 12 months.

Over the last year, there were 253 residential property sales – a decrease of 137 transactions (-54.15%) relative to the previous year. The majority of house sales (74) were in the £280,000 - £360,000 range. Then came properties in the £200,000 - £280,000 range, where 40 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 100 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-9,115 (-2%).

In June 2024, there were 50 new estate agency instructions, 45 agreed home sales and 29 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) - June 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 81 to 100 days, the broad evidence suggests a very slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a notable market slowdown or a combination of both. In such scenarios, vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date). Those committed to selling will often need to drop the price to a level that will entice genuine homebuyer 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
69 Downs Grove, Basildon, Essex, SS16 4QL	£300,000	£300,000	£00	14 Feb 2024	10 May 2024	86 Days
38 Warwick Place, Langdon Hills, Basildon, Essex, SS16 6DU	£325,000	£322,000	-£3,000	08 Jan 2024	12 Apr 2024	95 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
51 Bardfield, Basildon, Essex, SS16 4JW	£280,000	£280,000	£00	27 Sep 2023	15 Mar 2024	170 Days
62 Waterville Drive, Vange, Basildon, Essex, SS16 4TY	£195,000	£185,000	-£10,000	20 Sep 2023	16 Feb 2024	149 Days
305 Witchards, Basildon, Essex, SS16 5BN	£260,000	£235,000	-£25,000	07 Sep 2023	09 Feb 2024	155 Days
31 Kent View Road, Basildon, Essex, SS16 4JZ	£330,000	£325,000	-£5,000	09 Sep 2023	01 Feb 2024	145 Days
9 Cambridge Close, Langdon Hills, Basildon, Essex, SS16 6UW	£450,000	£450,000	£00	25 Oct 2023	29 Jan 2024	96 Days
8 Oakham Close, Langdon Hills, Basildon, Essex, SS16 6NX	£415,000	£405,000	-£10,000	19 Jul 2023	26 Jan 2024	191 Days
1 Meadow View, Langdon Hills, Basildon, Essex, SS16 6TS	£545,000	£425,000	-£120,000	07 Jul 2023	25 Jan 2024	202 Days
14 Barons Way, Langdon Hills, Basildon, Essex, SS16 6BN	£475,000	£470,000	-£5,000	22 Nov 2023	19 Jan 2024	58 Days
100 Chestnut Road, Vange, Basildon, Essex, SS16 4TQ	£120,000	£115,000	-£5,000	02 Oct 2023	12 Jan 2024	102 Days
1 Hayrick Close, Langdon Hills, Basildon, Essex, SS16 6SY	£725,000	£710,000	-£15,000	08 Dec 2023	10 Jan 2024	33 Days
96 Ardleigh, Basildon, Essex, SS16 5RE	£375,000	£365,000	-£10,000	07 Aug 2023	04 Jan 2024	150 Days
7 Courtney Park Road, Langdon Hills, Basildon, Essex, SS16 6RE	£280,000	£268,000	-£12,000	06 Apr 2023	22 Dec 2023	260 Days
137 Rantree Fold, Basildon, Essex, SS16 5TR	£350,000	£335,000	-£15,000	21 Aug 2023	14 Dec 2023	115 Days
4 Highland Avenue, Basildon, Essex, SS16 4DW	£375,000	£375,000	£00	06 Apr 2023	13 Dec 2023	251 Days
7 Gun Hill Place, Basildon, Essex, SS16 5UX	£400,000	£395,000	-£5,000	19 May 2023	08 Dec 2023	203 Days
7 Derby Close, Langdon Hills, Basildon, Essex, SS16 6EA	£325,000	£320,000	-£5,000	29 Jun 2023	17 Nov 2023	141 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 5NZ	Stacey Drive, Langdon Hills	Basildon	£680,700	5
SS16 6LZ	Prescott, Langdon Hills	Basildon	£680,000	4
SS16 5TU	Fletchers	Basildon	£678,000	5
SS16 6SQ	Cottis Close, Langdon Hills	Basildon	£660,000	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	£110,583	6
SS16 4TF	Ryedene Place	Basildon	£122,333	3
SS16 4TE	Ryedene Close	Basildon	£125,331	3
SS16 4TB	Chestnut Road, Vange	Basildon	£141,428	7
SS16 4NW	Kingswood Court, Clay Hill Road	Basildon	£145,300	5
SS16 6GB	Victoria Court, Milton Green	Basildon	£147,916	3
SS16 4TZ	Waterville Drive, Vange	Basildon	£160,687	8
SS16 4XJ	The Glen, Vange	Basildon	£161,500	5
SS16 5GB	Wootten House, Cherrydown West	Basildon	£165,916	3
SS16 6GA	Salisbury Court, Marlborough Drive	Basildon	£166,100	5