48, SPRINGFIELD CLOSE, ONGAR, CM5 0BB - £345,000

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.

48 SPRINGFIELD CLOSE is a very small extended detached house of 88m², built sometime between 1976 and 1982, which could now be worth an estimated £500,077. It was last sold for £345,000 in October 2014, which was around 52% below the average October 2014 detached price in the Epping Forest local authority area. The most recent EPC inspection was May 2014, where the current energy rating was D, and the potential energy rating was B.

48 SPRINGFIELD CLOSE Sold Prices

Land registry data shows two sales for 48 SPRINGFIELD CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Epping Forest local authority area for the corresponding sale date. Both of the two 48 SPRINGFIELD 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
2014 24 OCT	£345,000	£716,744	52% below HPI
2007 7 MAR	£285,000	£522,435	45% below HPI

48 SPRINGFIELD CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Epping Forest local authority area over time, sourced from the HPI. The two 48 SPRINGFIELD CLOSE sales from March 2007 and October 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 March 2007 sale was for 45% below the HPI. So the extrapolation line tracks at 45% below the HPI over time, until the October 2014 sale, where it falls to 52% below the HPI. The line then continues to track at 52% below the HPI.

What might 48 SPRINGFIELD CLOSE be worth now?

48 SPRINGFIELD CLOSE might now be worth an estimated £500,077.

This is based on house price inflation of 44.9%, between October 2014 and February 2025, for detached 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 44.9% inflationary increase is applied to the most recent sale price for 48 SPRINGFIELD CLOSE of £345,000 on 24th October 2014. For the value to have increased from £345,000 to £500,077 over the eleven years and eight months to February 2025, the following assumptions must hold true:

• The value of 48 SPRINGFIELD CLOSE has moved in line with the HPI for detached houses in the Epping Forest local authority area.
• The October 2014 sale price of £345,000 represented a fair market value for the property.
• The size, condition, and specification of 48 SPRINGFIELD CLOSE has not materially changed since October 2014.

How Large is 48 SPRINGFIELD CLOSE?

48 SPRINGFIELD CLOSE is 88m², which includes one extension, according to the EPC inspection conducted in May 2014. This puts it in the smallest 20% of detached houses houses in Shelley, based on EPC data. The below chart shows the distribution of detached houses houses by size in Shelley, and where 48 SPRINGFIELD CLOSE lies on this distribution: 17% of detached houses houses are smaller than 48 SPRINGFIELD CLOSE, and 81% of houses are larger. Note that EPC data is not available for all properties in Shelley.

48 SPRINGFIELD CLOSE: Plot and Title Map

48 SPRINGFIELD CLOSE sits on a plot of roughly 0.089 of an acre, or 360m². The below map shows the location of 48 SPRINGFIELD 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 48 SPRINGFIELD 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 48 SPRINGFIELD CLOSE?

48 SPRINGFIELD CLOSE is located in ONGAR, in the CM5 postcode district. The below map shows the position of No. 48 on SPRINGFIELD CLOSE.