16, SPENCER CLOSE, BILLERICAY, CM12 0GF - £690,000

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

16 SPENCER CLOSE is a large detached house of 151m², built sometime between 1996 and 2002. It was last sold for £690,000 in October 2017, which was around 25% above the average October 2017 detached price in the Basildon local authority area. The most recent EPC inspection was February 2017, where the current energy rating was D, and the potential energy rating was C.

16 SPENCER CLOSE Sold Prices

Land registry data shows three sales for 16 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 Basildon local authority area for the corresponding sale date. All of the three 16 SPENCER 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
2017 19 OCT	£690,000	£550,972	25% above HPI
2004 24 JUN	£393,000	£293,590	34% above HPI
2001 23 MAR	£299,250	£176,333	70% above HPI

16 SPENCER 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 16 SPENCER CLOSE sales between March 2001 and October 2017 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 2004 sale was for 34% above the HPI. So the extrapolation line tracks at 34% above the HPI over time, until the October 2017 sale, where it falls to 25% above the HPI. The line then continues to track at 25% above the HPI.

How Large is 16 SPENCER CLOSE?

16 SPENCER CLOSE is 151m² according to the EPC inspection conducted in February 2017. This puts it in the largest 40% of detached houses in Billericay, based on EPC data. The below chart shows the distribution of detached houses by size in Billericay, and where 16 SPENCER CLOSE lies on this distribution: 63% of detached houses are smaller than 16 SPENCER CLOSE, and 37% of houses are larger. Note that EPC data is not available for all properties in Billericay.

16 SPENCER CLOSE: Plot and Title Map

16 SPENCER CLOSE sits on a plot of roughly 0.094 of an acre, or 381m². The below map shows the location of 16 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 16 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 16 SPENCER CLOSE?

16 SPENCER CLOSE is located in BILLERICAY, in the CM12 postcode district. The below map shows the position of No. 16 on SPENCER CLOSE.