29, FAIRBANK CLOSE, ONGAR, CM5 9HX - £297,500

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.

29 FAIRBANK CLOSE is a very small extended terraced house of 70m², built sometime between 1976 and 1982, which could now be worth an estimated £334,875. It was last sold for £297,500 in April 2021, which was around 29% below the average April 2021 terraced price in the Epping Forest local authority area. The most recent EPC inspection was March 2015, where the current energy rating was C, and the potential energy rating was B.

29 FAIRBANK CLOSE Sold Prices

Land registry data shows two sales for 29 FAIRBANK CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Epping Forest local authority area for the corresponding sale date. Both of the two 29 FAIRBANK CLOSE sales were for below 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
2021 23 APR	£297,500	£416,327	29% below HPI
2015 28 AUG	£250,000	£340,323	27% below HPI

29 FAIRBANK CLOSE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Epping Forest local authority area over time, sourced from the HPI. The two 29 FAIRBANK CLOSE sales from August 2015 and April 2021 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 August 2015 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the April 2021 sale, where it falls to 29% below the HPI. The line then continues to track at 29% below the HPI.

What might 29 FAIRBANK CLOSE be worth now?

29 FAIRBANK CLOSE might now be worth an estimated £334,875.

This is based on house price inflation of 12.6%, between April 2021 and August 2025, for terraced houses, in the Epping Forest local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 12.6% inflationary increase is applied to the most recent sale price for 29 FAIRBANK CLOSE of £297,500 on 23rd April 2021. For the value to have increased from £297,500 to £334,875 over the three years and eight months to August 2025, the following assumptions must hold true:

• The value of 29 FAIRBANK CLOSE has moved in line with the HPI for terraced houses in the Epping Forest local authority area.
• The April 2021 sale price of £297,500 represented a fair market value for the property.
• The size, condition, and specification of 29 FAIRBANK CLOSE has not materially changed since April 2021.

How Large is 29 FAIRBANK CLOSE?

29 FAIRBANK CLOSE is 70m², which includes one extension, according to the EPC inspection conducted in March 2015. This puts it in the smallest 10% of terraced houses houses in Chipping Ongar, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Chipping Ongar, and where 29 FAIRBANK CLOSE lies on this distribution: 3% of terraced houses houses are smaller than 29 FAIRBANK CLOSE, and 96% of houses are larger. Note that EPC data is not available for all properties in Chipping Ongar.

29 FAIRBANK CLOSE: Plot and Title Map

29 FAIRBANK CLOSE sits on a plot of roughly 0.025 of an acre, or 101m². The below map shows the location of 29 FAIRBANK 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 29 FAIRBANK 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 29 FAIRBANK CLOSE?

29 FAIRBANK CLOSE is located in ONGAR, in the CM5 postcode district. The below map shows the position of No. 29 on FAIRBANK CLOSE.