7, GREY CLOSE, STANSTED, CM24 8FL - £367,000

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.

7 GREY CLOSE is a very small extended terraced house of 77m², built sometime between 2007 and 2011, which could now be worth an estimated £393,604. It was last sold for £367,000 in March 2021, which was around 11% above the average March 2021 terraced price in the Uttlesford local authority area. The most recent EPC inspection was October 2020, where the current energy rating was C, and the potential energy rating was B.

7 GREY CLOSE Sold Prices

Land registry data shows three sales for 7 GREY 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 Uttlesford local authority area for the corresponding sale date. Two of the three 7 GREY CLOSE sales were for above the average price, whilst one was 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 18 MAR	£367,000	£331,218	11% above HPI
2015 20 FEB	£274,000	£260,682	5% above HPI
2010 29 JUN	£205,000	£207,329	1% below HPI

7 GREY CLOSE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Uttlesford local authority area over time, sourced from the HPI. The three 7 GREY CLOSE sales between June 2010 and March 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 February 2015 sale was for 5% above the HPI. So the extrapolation line tracks at 5% above the HPI over time, until the March 2021 sale, where it rises to 11% above the HPI. The line then continues to track at 11% above the HPI.

What might 7 GREY CLOSE be worth now?

7 GREY CLOSE might now be worth an estimated £393,604.

This is based on house price inflation of 7.2%, between March 2021 and April 2026, for terraced houses, in the Uttlesford local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 7.2% inflationary increase is applied to the most recent sale price for 7 GREY CLOSE of £367,000 on 18th March 2021. For the value to have increased from £367,000 to £393,604 over the four years and eleven months to April 2026, the following assumptions must hold true:

• The value of 7 GREY CLOSE has moved in line with the HPI for terraced houses in the Uttlesford local authority area.
• The March 2021 sale price of £367,000 represented a fair market value for the property.
• The size, condition, and specification of 7 GREY CLOSE has not materially changed since March 2021.

How Large is 7 GREY CLOSE?

7 GREY CLOSE is 77m², which includes one extension, according to the EPC inspection conducted in October 2020. This puts it in the smallest 10% of terraced houses houses in Stansted Mountfitchet, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Stansted Mountfitchet, and where 7 GREY CLOSE lies on this distribution: 4% of terraced houses houses are smaller than 7 GREY CLOSE, and 96% of houses are larger. Note that EPC data is not available for all properties in Stansted Mountfitchet.

7 GREY CLOSE: Plot and Title Map

7 GREY CLOSE sits on a plot of roughly 0.042 of an acre, or 169m². The below map shows the location of 7 GREY 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 7 GREY 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 7 GREY CLOSE?

7 GREY CLOSE is located in STANSTED, in the CM24 postcode district. The below map shows the position of No. 7 on GREY CLOSE.