According to the public record, 61, The Vale, Basildon is a mid-century leasehold apartment with 613 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The Vale, Basildon, SS16 is located in the borough of Basildon within the SS16 postal district.
61, The Vale, Basildon has 2 entries in the Land Registry database, most recently in August 2016 and a single entry in the EPC database dated February 2016.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 61 The Vale Basildon as £233,850 and the rental value as £1,053 per month giving an expected gross yield of 5.4%.
Over the last 12 months the sale value of 61 The Vale Basildon has increased by £2,222 (1.0%) and its rental value has increased by £65 per month (6.2%).
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 61, The Vale, Basildon is in very good condition we estimate a sale value of £245,542 and rental value of £1,105 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £217,480 and a rental value of £979 per month.
If you were able to purchase this property for the estimated value of £233,850, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,149 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to HM Land Registry, 61, The Vale, Basildon was last sold on 03 Aug 2016 for £185,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Aug 2016, the market for similar properties has risen 15.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 61, The Vale, Basildon within a radius of 860 metres over the last 2 years.
The most recent example is 75, The Vale, Basildon, SS16 4RL, a Leasehold flat which sold for £257,000 in Oct 2023.
Read more about house prices in SS16.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
The Vale, Basildon, SS16 has a total of 66 addresses. According to our analysis of all the public data, 61, The Vale, Basildon is the 52nd largest and the 54th most expensive property on the street.
When compared to the postcode district it is £114k less expensive than the average property in SS16.
61, The Vale, Basildon has an Energy Performance Rating (EPC) of F. This is based on the most recent assessment, dated 15 Feb 2016.
The property is not connected to mains gas and has fully double glazed windows. It is heated using electric storage heaters.
The closest station to 61, The Vale, Basildon is Basildon station which is 1.9 kilometres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 61, The Vale, Basildon, 38.9% of property is privately owned outright and 36.1% is privately owned with a mortgage.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 61, The Vale, Basildon, 9.1% of residents are recorded as possessing school level qualifications and 19.5% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around 61, The Vale, Basildon, the average age was 38.6 and the most common age was 32.
The graph below shows how this compares to East of England and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 61, The Vale, Basildon, 0.9% of property was a second home.
Comparison figures for East of England and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 61, The Vale, Basildon, there are an average of 1.5 cars per household.
See below for how this compares to East of England and the rest of England & Wales.