3, FAIRBANK CLOSE, ONGAR, CM5 9HX - £260,000

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.

3 FAIRBANK CLOSE is a very small extended terraced house of 57m², built sometime between 1976 and 1982, which could now be worth an estimated £302,415. It was last sold for £260,000 in April 2018, which was around 35% below the average April 2018 terraced price in the Epping Forest local authority area. The most recent EPC inspection was March 2017, where the current energy rating was D, and the potential energy rating was B.

3 FAIRBANK CLOSE Sold Prices

Land registry data shows three sales for 3 FAIRBANK CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Epping Forest local authority area for the corresponding sale date. All of the three 3 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
2018 20 APR	£260,000	£402,902	35% below HPI
2007 20 JUL	£192,000	£262,049	27% below HPI
2001 24 JUL	£97,000	£134,427	28% below HPI

3 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 three 3 FAIRBANK CLOSE sales between July 2001 and April 2018 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 July 2007 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the April 2018 sale, where it falls to 35% below the HPI. The line then continues to track at 35% below the HPI.

What might 3 FAIRBANK CLOSE be worth now?

3 FAIRBANK CLOSE might now be worth an estimated £302,415.

This is based on house price inflation of 16.3%, between April 2018 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 16.3% inflationary increase is applied to the most recent sale price for 3 FAIRBANK CLOSE of £260,000 on 20th April 2018. For the value to have increased from £260,000 to £302,415 over the six years and eight months to August 2025, the following assumptions must hold true:

• The value of 3 FAIRBANK CLOSE has moved in line with the HPI for terraced houses in the Epping Forest local authority area.
• The April 2018 sale price of £260,000 represented a fair market value for the property.
• The size, condition, and specification of 3 FAIRBANK CLOSE has not materially changed since April 2018.

How Large is 3 FAIRBANK CLOSE?

3 FAIRBANK CLOSE is 57m², which includes one extension, according to the EPC inspection conducted in March 2017. 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 3 FAIRBANK CLOSE lies on this distribution: Less than 1% of terraced houses houses are smaller than 3 FAIRBANK CLOSE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Chipping Ongar.

3 FAIRBANK CLOSE: Plot and Title Map

3 FAIRBANK CLOSE sits on a plot of roughly 0.026 of an acre, or 107m². The below map shows the location of 3 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 3 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 3 FAIRBANK CLOSE?

3 FAIRBANK CLOSE is located in ONGAR, in the CM5 postcode district. The below map shows the position of No. 3 on FAIRBANK CLOSE.