1A, DEDHAM CLOSE, BILLERICAY, CM11 2EB - £417,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

1A DEDHAM CLOSE is a very small terraced house of 84m², built sometime from 2007 onwards, which could now be worth an estimated £532,912. It was last sold for £417,000 in October 2019, which was around 67% above the average October 2019 terraced price in the Basildon local authority area. The most recent EPC inspection was June 2014, where the current energy rating was C, and the potential energy rating was B.

1A DEDHAM CLOSE Sold Prices

Land registry data shows four sales for 1A DEDHAM CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average terraced price in the Basildon local authority area for the corresponding sale date. All of the four 1A DEDHAM CLOSE sales were for above the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2019 11 OCT	£417,000	£250,289	67% above HPI
2015 16 JAN	£310,000	£186,456	66% above HPI
2013 2 DEC	£240,000	£165,197	45% above HPI
2010 17 NOV	£243,000	£151,649	60% above HPI

1A DEDHAM CLOSE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Basildon local authority area over time, sourced from the HPI. The four 1A DEDHAM CLOSE sales between November 2010 and October 2019 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the January 2015 sale was for 66% above the HPI. So the extrapolation line tracks at 66% above the HPI over time, until the October 2019 sale, where it rises to 67% above the HPI. The line then continues to track at 67% above the HPI.

What might 1A DEDHAM CLOSE be worth now?

1A DEDHAM CLOSE might now be worth an estimated £532,912.

This is based on house price inflation of 27.8%, between October 2019 and July 2026, for terraced houses, in the Basildon local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 27.8% inflationary increase is applied to the most recent sale price for 1A DEDHAM CLOSE of £417,000 on 11th October 2019. For the value to have increased from £417,000 to £532,912 over the seven years and three months to July 2026, the following assumptions must hold true:

• The value of 1A DEDHAM CLOSE has moved in line with the HPI for terraced houses in the Basildon local authority area.
• The October 2019 sale price of £417,000 represented a fair market value for the property.
• The size, condition, and specification of 1A DEDHAM CLOSE has not materially changed since October 2019.

How Large is 1A DEDHAM CLOSE?

1A DEDHAM CLOSE is 84m² according to the EPC inspection conducted in June 2014. This puts it in the smallest 10% of terraced houses houses in Billericay, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Billericay, and where 1A DEDHAM CLOSE lies on this distribution: 8% of terraced houses houses are smaller than 1A DEDHAM CLOSE, and 92% of houses are larger. Note that EPC data is not available for all properties in Billericay.

1A DEDHAM CLOSE: Plot and Title Map

1A DEDHAM CLOSE sits on a plot of roughly 0.059 of an acre, or 240m². The below map shows the location of 1A DEDHAM CLOSE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 1A DEDHAM CLOSE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 1A DEDHAM CLOSE?

1A DEDHAM CLOSE is located in BILLERICAY, in the CM11 postcode district. The below map shows the position of No. 1A on DEDHAM CLOSE.