THE OLIVE TREE, CRAYS HILL, BILLERICAY, CM11 2YB - £525,000

THE OLIVE TREE is a small extended detached house of 141m², built sometime between 2003 and 2006. It was last sold for £525,000 in April 2021, which was around 9% below the average April 2021 detached price in the Basildon 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.

THE OLIVE TREE Sold Prices

Land registry data shows two sales for THE OLIVE TREE 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 THE OLIVE TREE 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
2021 12 APR	£525,000	£578,458	9% below HPI
2004 27 JUL	£287,000	£298,907	4% below HPI

THE OLIVE TREE 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 THE OLIVE TREE sales from July 2004 and April 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 July 2004 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the April 2021 sale, where it falls to 9% below the HPI. The line then continues to track at 9% below the HPI.

How Large is THE OLIVE TREE?

THE OLIVE TREE is 141m², which includes one extension, according to the EPC inspection conducted in October 2020. This puts it in the smallest 40% 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 THE OLIVE TREE lies on this distribution: 40% of detached houses are smaller than THE OLIVE TREE, and 60% of houses are larger. Note that EPC data is not available for all properties in Crays Hill.

THE OLIVE TREE: Plot and Title Map

THE OLIVE TREE sits on a plot of roughly 0.174 of an acre, or 703m². The below map shows the location of THE OLIVE TREE, 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 THE OLIVE TREE). 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 THE OLIVE TREE?

THE OLIVE TREE is located on CRAYS HILL in BILLERICAY, in the CM11 postcode district. The below map shows the position of THE OLIVE TREE on CRAYS HILL.