1, FERN CLOSE, BILLERICAY, CM12 0QF - £465,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

1 FERN CLOSE is a very small extended detached house of 95m², built sometime between 1950 and 1966, which could now be worth an estimated £576,861. It was last sold for £465,000 in November 2016, which was around 12% below the average November 2016 detached price in the Basildon local authority area. The most recent EPC inspection was August 2016, where the current energy rating was D, and the potential energy rating was B.

1 FERN CLOSE Sold Prices

Land registry data shows two sales for 1 FERN 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 Basildon local authority area for the corresponding sale date. Both of the two 1 FERN 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
2016 16 NOV	£465,000	£531,382	12% below HPI
2007 16 FEB	£245,000	£326,953	25% below HPI

1 FERN CLOSE 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 1 FERN CLOSE sales from February 2007 and November 2016 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 2007 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the November 2016 sale, where it rises to 12% below the HPI. The line then continues to track at 12% below the HPI.

What might 1 FERN CLOSE be worth now?

1 FERN CLOSE might now be worth an estimated £576,861.

This is based on house price inflation of 24.1%, between November 2016 and February 2025, for detached houses, in the Basildon local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 24.1% inflationary increase is applied to the most recent sale price for 1 FERN CLOSE of £465,000 on 16th November 2016. For the value to have increased from £465,000 to £576,861 over the nine years and nine months to February 2025, the following assumptions must hold true:

• The value of 1 FERN CLOSE has moved in line with the HPI for detached houses in the Basildon local authority area.
• The November 2016 sale price of £465,000 represented a fair market value for the property.
• The size, condition, and specification of 1 FERN CLOSE has not materially changed since November 2016.

How Large is 1 FERN CLOSE?

1 FERN CLOSE is 95m², which includes four extensions, according to the EPC inspection conducted in August 2016. This puts it in the smallest 20% of detached houses houses in Billericay, based on EPC data. The below chart shows the distribution of detached houses houses by size in Billericay, and where 1 FERN CLOSE lies on this distribution: 14% of detached houses houses are smaller than 1 FERN CLOSE, and 86% of houses are larger. Note that EPC data is not available for all properties in Billericay.

1 FERN CLOSE: Plot and Title Map

1 FERN CLOSE sits on a plot of roughly 0.053 of an acre, or 216m². The below map shows the location of 1 FERN 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 1 FERN 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 1 FERN CLOSE?

1 FERN CLOSE is located in BILLERICAY, in the CM12 postcode district. The below map shows the position of No. 1 on FERN CLOSE.