1, MARTINGALE CLOSE, BILLERICAY, CM11 1SQ - £700,000

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.

1 MARTINGALE CLOSE is a midsized extended detached house of 138m², built sometime between 1976 and 1982, which could now be worth an estimated £809,867. It was last sold for £700,000 in November 2018, which was around 23% above the average November 2018 detached price in the Basildon local authority area. The most recent EPC inspection was March 2018, where the current energy rating was C, and the potential energy rating was B.

1 MARTINGALE CLOSE Sold Prices

Land registry data shows three sales for 1 MARTINGALE CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Basildon local authority area for the corresponding sale date. All of the three 1 MARTINGALE CLOSE 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
2018 16 NOV	£700,000	£569,783	23% above HPI
2009 27 OCT	£492,500	£319,843	54% above HPI
1999 30 APR	£185,000	£130,479	42% above HPI

1 MARTINGALE 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 three 1 MARTINGALE CLOSE sales between April 1999 and November 2018 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 October 2009 sale was for 54% above the HPI. So the extrapolation line tracks at 54% above the HPI over time, until the November 2018 sale, where it falls to 23% above the HPI. The line then continues to track at 23% above the HPI.

What might 1 MARTINGALE CLOSE be worth now?

1 MARTINGALE CLOSE might now be worth an estimated £809,867.

This is based on house price inflation of 15.7%, between November 2018 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 15.7% inflationary increase is applied to the most recent sale price for 1 MARTINGALE CLOSE of £700,000 on 16th November 2018. For the value to have increased from £700,000 to £809,867 over the seven years and nine months to February 2025, the following assumptions must hold true:

• The value of 1 MARTINGALE CLOSE has moved in line with the HPI for detached houses in the Basildon local authority area.
• The November 2018 sale price of £700,000 represented a fair market value for the property.
• The size, condition, and specification of 1 MARTINGALE CLOSE has not materially changed since November 2018.

How Large is 1 MARTINGALE CLOSE?

1 MARTINGALE CLOSE is 138m², which includes two extensions, according to the EPC inspection conducted in March 2018. This puts it in the largest 50% 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 MARTINGALE CLOSE lies on this distribution: 53% of detached houses houses are smaller than 1 MARTINGALE CLOSE, and 46% of houses are larger. Note that EPC data is not available for all properties in Billericay.

1 MARTINGALE CLOSE: Plot and Title Map

1 MARTINGALE CLOSE sits on a plot of roughly 0.087 of an acre, or 351m². The below map shows the location of 1 MARTINGALE 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 MARTINGALE 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 MARTINGALE CLOSE?

1 MARTINGALE CLOSE is located in BILLERICAY, in the CM11 postcode district. The below map shows the position of No. 1 on MARTINGALE CLOSE.