11, NEEDHAM CLOSE, BILLERICAY, CM11 1LQ - £650,000

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.

11 NEEDHAM CLOSE is a midsized detached house of 124m², built sometime between 1996 and 2002, which could now be worth an estimated £806,365. It was last sold for £650,000 in November 2016, which was around 22% above the average November 2016 detached price in the Basildon local authority area. The most recent EPC inspection was June 2016, where the current energy rating was D, and the potential energy rating was B.

11 NEEDHAM CLOSE Sold Prices

Land registry data shows three sales for 11 NEEDHAM 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 11 NEEDHAM 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
2016 30 NOV	£650,000	£531,382	22% above HPI
2008 24 JAN	£475,000	£363,452	31% above HPI
1999 1 OCT	£219,950	£144,620	52% above HPI

11 NEEDHAM 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 11 NEEDHAM CLOSE sales between October 1999 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 January 2008 sale was for 31% above the HPI. So the extrapolation line tracks at 31% above the HPI over time, until the November 2016 sale, where it falls to 22% above the HPI. The line then continues to track at 22% above the HPI.

What might 11 NEEDHAM CLOSE be worth now?

11 NEEDHAM CLOSE might now be worth an estimated £806,365.

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 11 NEEDHAM CLOSE of £650,000 on 30th November 2016. For the value to have increased from £650,000 to £806,365 over the nine years and nine months to February 2025, the following assumptions must hold true:

• The value of 11 NEEDHAM CLOSE has moved in line with the HPI for detached houses in the Basildon local authority area.
• The November 2016 sale price of £650,000 represented a fair market value for the property.
• The size, condition, and specification of 11 NEEDHAM CLOSE has not materially changed since November 2016.

How Large is 11 NEEDHAM CLOSE?

11 NEEDHAM CLOSE is 124m² according to the EPC inspection conducted in June 2016. This puts it in the smallest 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 11 NEEDHAM CLOSE lies on this distribution: 40% of detached houses houses are smaller than 11 NEEDHAM CLOSE, and 59% of houses are larger. Note that EPC data is not available for all properties in Billericay.

11 NEEDHAM CLOSE: Plot and Title Map

11 NEEDHAM CLOSE sits on a plot of roughly 0.090 of an acre, or 366m². The below map shows the location of 11 NEEDHAM 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 11 NEEDHAM 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 11 NEEDHAM CLOSE?

11 NEEDHAM CLOSE is located in BILLERICAY, in the CM11 postcode district. The below map shows the position of No. 11 on NEEDHAM CLOSE.