2, NEEDHAM CLOSE, BILLERICAY, CM11 1LQ - £550,000

2 NEEDHAM CLOSE is a large extended detached house of 154m², built sometime between 1996 and 2002. It was last sold for £550,000 in July 2014, which was around 40% above the average July 2014 detached price in the Basildon local authority area. The most recent EPC inspection was January 2014, where the current energy rating was D, and the potential energy rating was B.

2 NEEDHAM CLOSE Sold Prices

Land registry data shows three sales for 2 NEEDHAM CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Basildon local authority area for the corresponding sale date. All of the three 2 NEEDHAM 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
2014 8 JUL	£550,000	£392,013	40% above HPI
2001 31 OCT	£318,000	£202,571	57% above HPI
2000 12 MAY	£269,995	£161,402	67% above HPI

2 NEEDHAM CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Basildon local authority area over time, sourced from the HPI. The three 2 NEEDHAM CLOSE sales between May 2000 and July 2014 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 October 2001 sale was for 57% above the HPI. So the extrapolation line tracks at 57% above the HPI over time, until the July 2014 sale, where it falls to 40% above the HPI. The line then continues to track at 40% above the HPI.

How Large is 2 NEEDHAM CLOSE?

2 NEEDHAM CLOSE is 154m², which includes one extension, according to the EPC inspection conducted in January 2014. This puts it in the largest 40% of detached houses in Billericay, based on EPC data. The below chart shows the distribution of detached houses by size in Billericay, and where 2 NEEDHAM CLOSE lies on this distribution: 64% of detached houses are smaller than 2 NEEDHAM CLOSE, and 35% of houses are larger. Note that EPC data is not available for all properties in Billericay.

2 NEEDHAM CLOSE: Plot and Title Map

2 NEEDHAM CLOSE sits on a plot of roughly 0.068 of an acre, or 275m². The below map shows the location of 2 NEEDHAM 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 2 NEEDHAM 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 2 NEEDHAM CLOSE?

2 NEEDHAM CLOSE is located in BILLERICAY, in the CM11 postcode district. The below map shows the position of No. 2 on NEEDHAM CLOSE.