OVERMEAD, LONDON ROAD, CRAYS HILL, BILLERICAY, CM11 2UY - £698,500

OVERMEAD is a midsized extended detached house of 166m², built sometime between 1900 and 1929. It was last sold for £698,500 in March 2020, which was around 25% above the average March 2020 detached price in the Basildon local authority area. The most recent EPC inspection was October 2015, where the current energy rating was C, and the potential energy rating was B.

OVERMEAD Sold Prices

Land registry data shows four sales for OVERMEAD since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Basildon local authority area for the corresponding sale date. All of the four OVERMEAD 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 5 MAR	£698,500	£559,933	25% above HPI
2005 8 JUN	£377,500	£307,641	23% above HPI
2001 5 FEB	£205,000	£171,415	20% above HPI
1997 27 JAN	£125,000	£108,892	15% above HPI

OVERMEAD 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 four OVERMEAD sales between January 1997 and March 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 June 2005 sale was for 23% above the HPI. So the extrapolation line tracks at 23% above the HPI over time, until the March 2020 sale, where it rises to 25% above the HPI. The line then continues to track at 25% above the HPI.

How Large is OVERMEAD?

OVERMEAD is 166m², which includes two extensions, according to the EPC inspection conducted in October 2015. This puts it in the largest 50% 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 OVERMEAD lies on this distribution: 55% of detached houses are smaller than OVERMEAD, and 45% of houses are larger. Note that EPC data is not available for all properties in Crays Hill.

OVERMEAD: Plot and Title Map

OVERMEAD sits on a plot of roughly 0.141 of an acre, or 570m². The below map shows the location of OVERMEAD, 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 OVERMEAD). 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 OVERMEAD?

OVERMEAD is located on LONDON ROAD in CRAYS HILL, in the CM11 postcode district. The below map shows the position of OVERMEAD on LONDON ROAD.