15, CHESTWOOD CLOSE, BILLERICAY, CM12 0PB - £465,000

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.

15 CHESTWOOD CLOSE is a midsized extended detached house of 146m², built sometime between 1967 and 1975, which could now be worth an estimated £932,583. It was last sold for £465,000 in February 2010, which was around 41% above the average February 2010 detached price in the Basildon local authority area. The most recent EPC inspection was September 2009, where the current energy rating was D, and the potential energy rating was C.

15 CHESTWOOD CLOSE Sold Prices

Land registry data shows two sales for 15 CHESTWOOD 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 15 CHESTWOOD 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
2010 18 FEB	£465,000	£328,693	41% above HPI
1995 30 JUN	£150,750	£98,986	52% above HPI

15 CHESTWOOD 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 15 CHESTWOOD CLOSE sales from June 1995 and February 2010 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 June 1995 sale was for 52% above the HPI. So the extrapolation line tracks at 52% above the HPI over time, until the February 2010 sale, where it falls to 41% above the HPI. The line then continues to track at 41% above the HPI.

What might 15 CHESTWOOD CLOSE be worth now?

15 CHESTWOOD CLOSE might now be worth an estimated £932,583.

This is based on house price inflation of 100.6%, between February 2010 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 100.6% inflationary increase is applied to the most recent sale price for 15 CHESTWOOD CLOSE of £465,000 on 18th February 2010. For the value to have increased from £465,000 to £932,583 over the fifteen years to February 2025, the following assumptions must hold true:

• The value of 15 CHESTWOOD CLOSE has moved in line with the HPI for detached houses in the Basildon local authority area.
• The February 2010 sale price of £465,000 represented a fair market value for the property.
• The size, condition, and specification of 15 CHESTWOOD CLOSE has not materially changed since February 2010.

How Large is 15 CHESTWOOD CLOSE?

15 CHESTWOOD CLOSE is 146m², which includes two extensions, according to the EPC inspection conducted in September 2009. 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 15 CHESTWOOD CLOSE lies on this distribution: 59% of detached houses houses are smaller than 15 CHESTWOOD CLOSE, and 41% of houses are larger. Note that EPC data is not available for all properties in Billericay.

15 CHESTWOOD CLOSE: Plot and Title Map

15 CHESTWOOD CLOSE sits on a plot of roughly 0.101 of an acre, or 407m². The below map shows the location of 15 CHESTWOOD 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 15 CHESTWOOD 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 15 CHESTWOOD CLOSE?

15 CHESTWOOD CLOSE is located in BILLERICAY, in the CM12 postcode district. The below map shows the position of No. 15 on CHESTWOOD CLOSE.