1, SPENCER CLOSE, STANSTED, CM24 8AN - £190,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

1 SPENCER CLOSE is a very small detached house of 62m², built sometime between 1967 and 1975. It was last sold for £190,000 in March 2011, which was around 52% below the average March 2011 detached price in the Uttlesford local authority area. The most recent EPC inspection was July 2010, where the current energy rating was D, and the potential energy rating was C.

1 SPENCER CLOSE Sold Prices

Land registry data shows three sales for 1 SPENCER 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 Uttlesford local authority area for the corresponding sale date. All of the three 1 SPENCER 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
2011 4 MAR	£190,000	£399,387	52% below HPI
2006 27 OCT	£198,000	£385,145	49% below HPI
1998 16 NOV	£81,500	£179,103	54% below HPI

1 SPENCER CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Uttlesford local authority area over time, sourced from the HPI. The three 1 SPENCER CLOSE sales between November 1998 and March 2011 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 2006 sale was for 49% below the HPI. So the extrapolation line tracks at 49% below the HPI over time, until the March 2011 sale, where it falls to 52% below the HPI. The line then continues to track at 52% below the HPI.

How Large is 1 SPENCER CLOSE?

1 SPENCER CLOSE is 62m² according to the EPC inspection conducted in July 2010. This puts it in the smallest 10% of detached houses in Stansted Mountfitchet, based on EPC data. The below chart shows the distribution of detached houses by size in Stansted Mountfitchet, and where 1 SPENCER CLOSE lies on this distribution: 1% of detached houses are smaller than 1 SPENCER CLOSE, and 99% of houses are larger. Note that EPC data is not available for all properties in Stansted Mountfitchet.

1 SPENCER CLOSE: Plot and Title Map

1 SPENCER CLOSE sits on a plot of roughly 0.021 of an acre, or 84m². The below map shows the location of 1 SPENCER 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 SPENCER 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 SPENCER CLOSE?

1 SPENCER CLOSE is located in STANSTED, in the CM24 postcode district. The below map shows the position of No. 1 on SPENCER CLOSE.