The average property value in Basildon is £381,981 according to property sale data for the year ending June 2021 published by HM Land Registry. Between the years ending June 2020 and June 2021, property values in Basildon grew by £43,651. Compare house prices by area
Average property prices in Basildon grew by 12.9% between the years ending June 2020 and June 2021. Between the years ending June 2011 and June 2021, property prices on average grew by 5.5% per year.
If prices in Basildon continue to rise by 5.5% a year, the average property price will be £472,911 in 2025.
There were 2,477 property sales in Basildon in the year ending June 2021, an increase of 261 when compared to the previous year.
The average price for a house in Basildon ranges from £293,537 for a terraced house to £573,533 for a detached house, with semi-detached in between costing on average £383,959.
The average price for a flat or maisonette in Basildon is £199,383.
Price trends for small areas may be less statistically significant due to small sample sizes.
Of the property types in Basildon, terraced house prices have risen the most between the years ending 2011 and 2021, and flat prices have grown the least.
Detached house prices have risen 47.5% from £388,775 to £573,533, semi-detached house prices have risen 75.8% from £218,431 to £383,959, terraced house prices have risen 80.5% from £162,607 to £293,537, and flat prices have risen 46.8% from £135,775 to £199,383.
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The most common type of property sold in Basildon during the year ending June 2021 was terraced houses, which accounted for 33.7% of properties.
The least commonly available type of property sold in Basildon were flats, which account for 11.4% of properties sold.
Of the properties sold in Basildon during 2021, 0.1% were new build properties.
The average price paid for a new build property in Basildon was £178,884 lower than the average price paid for an existing property.
Of the new build properties sold, the most common type was flats (100% of new build properties sold). For existing properties, the most common type is terraced houses (35% of existing properties sold).
The most common price band for property sales in Basildon is £300k - £400k, which accounted for 23.1% of properties sold in 2021.
1.0% of properties in Basildon had a price over £1 million. For comparison, in England, 2.1% of property sales were priced at over £1 million.
The cheapest properties in Basildon were in the £50k - £100k price bracket, accounting for 0.1% of sales.
Average property price
YoY change in price
Average Property Price
YoY CHANGE in PRICE
Source: Office for National Statistics licensed under the Open Government Licence v.3.0. Contains OS data © Crown copyright and database right 2021. Data sources: ONS Local statistics