Jellicoe was born in Chailey, Sussex. A graduate of Magdalen College Oxford, he later studied at St. Stephen's House, Oxford  and was ordained as an Anglican priest and became Missioner at the Magdalen College Mission at St Mary's Church in Somers Town, London., then an area of exceptional overcrowding and poverty between Euston and St Pancras main line railway stations. He was founder of the St Pancras Housing Association (originally the St Pancras House Improvement Society) and several other housing associations in East London, Kensington, Sussex and Cornwall. He toured the country in his small car fundraising and selling loan stock to fund these projects. His father, Thomas Harry Lee Jellicoe, rector of St Peter's Chailey, was a cousin of John Jellicoe, 1st Earl Jellicoe.
Jellicoe died in Uxbridge on 24 August 1935. A blue plaque was unveiled in his honour in Camden in 2014. He is commemorated in the Diocese of London with a memorial day on 24 August. The annual Jellicoe Sermon at Magdalen College is named in his honour.
- Kenneth Ingram, Basil Jellicoe, Centenary Press, London: 1936.
- Roland Jeffery, Housing Happenings in Somers Town in Housing the Twentieth Century Nation, Twentieth Century Architecture No 9, 2008, ISBN 978-0-9556687-0-8
- A Kalendar of Holy Days Approved for Use in the Diocese of London, Third edition, London: Diocese of London, 2014, p. 26.
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