MERCADEL, GARDINERS LANE NORTH, CRAYS HILL, BILLERICAY, CM11 2XA - £700,000

MERCADEL is a large extended detached house of 202m², built sometime between 1991 and 1995. It was last sold for £700,000 in December 2020, which was around 17% above the average December 2020 detached price in the Basildon local authority area. The most recent EPC inspection was June 2016, where the current energy rating was C, and the potential energy rating was B.

MERCADEL Sold Prices

Land registry data shows two sales for MERCADEL since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Basildon local authority area for the corresponding sale date. Both of the two MERCADEL 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
2020 11 DEC	£700,000	£596,199	17% above HPI
1999 14 MAY	£230,000	£129,978	77% above HPI

MERCADEL 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 two MERCADEL sales from May 1999 and December 2020 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 May 1999 sale was for 77% above the HPI. So the extrapolation line tracks at 77% above the HPI over time, until the December 2020 sale, where it falls to 17% above the HPI. The line then continues to track at 17% above the HPI.

How Large is MERCADEL?

MERCADEL is 202m², which includes one extension, according to the EPC inspection conducted in June 2016. This puts it in the largest 30% of detached houses in Crays Hill, based on EPC data. The below chart shows the distribution of detached houses by size in Crays Hill, and where MERCADEL lies on this distribution: 74% of detached houses are smaller than MERCADEL, and 26% of houses are larger. Note that EPC data is not available for all properties in Crays Hill.

MERCADEL: Plot and Title Map

MERCADEL sits on a plot of roughly 0.173 of an acre, or 700m². The below map shows the location of MERCADEL, 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 MERCADEL). 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 MERCADEL?

MERCADEL is located on GARDINERS LANE NORTH in CRAYS HILL, in the CM11 postcode district. The below map shows the position of MERCADEL on GARDINERS LANE NORTH.