16, THE SPINNEY, ONGAR, CM5 9HP - £485,000

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.

16 THE SPINNEY is a very small detached house of 71m², built sometime between 1967 and 1975, which could now be worth an estimated £557,736. It was last sold for £485,000 in November 2018, which was around 46% below the average November 2018 detached price in the Epping Forest local authority area. The most recent EPC inspection was July 2022, where the current energy rating was D, and the potential energy rating was B.

16 THE SPINNEY Sold Prices

Land registry data shows three sales for 16 THE SPINNEY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Epping Forest local authority area for the corresponding sale date. All of the three 16 THE SPINNEY 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
2018 15 NOV	£485,000	£903,432	46% below HPI
1996 17 OCT	£99,000	£178,415	45% below HPI
1995 26 MAY	£90,000	£165,366	46% below HPI

16 THE SPINNEY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Epping Forest local authority area over time, sourced from the HPI. The three 16 THE SPINNEY sales between May 1995 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 1996 sale was for 45% below the HPI. So the extrapolation line tracks at 45% below the HPI over time, until the November 2018 sale, where it falls to 46% below the HPI. The line then continues to track at 46% below the HPI.

What might 16 THE SPINNEY be worth now?

16 THE SPINNEY might now be worth an estimated £557,736.

This is based on house price inflation of 15%, between November 2018 and February 2025, for detached houses, in the Epping Forest local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 15% inflationary increase is applied to the most recent sale price for 16 THE SPINNEY of £485,000 on 15th November 2018. For the value to have increased from £485,000 to £557,736 over the seven years and nine months to February 2025, the following assumptions must hold true:

• The value of 16 THE SPINNEY has moved in line with the HPI for detached houses in the Epping Forest local authority area.
• The November 2018 sale price of £485,000 represented a fair market value for the property.
• The size, condition, and specification of 16 THE SPINNEY has not materially changed since November 2018.

How Large is 16 THE SPINNEY?

16 THE SPINNEY is 71m² according to the EPC inspection conducted in July 2022. This puts it in the smallest 10% of detached houses houses in Chipping Ongar, based on EPC data. The below chart shows the distribution of detached houses houses by size in Chipping Ongar, and where 16 THE SPINNEY lies on this distribution: 4% of detached houses houses are smaller than 16 THE SPINNEY, and 95% of houses are larger. Note that EPC data is not available for all properties in Chipping Ongar.

16 THE SPINNEY: Plot and Title Map

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

16 THE SPINNEY is located in ONGAR, in the CM5 postcode district. The below map shows the position of No. 16 on THE SPINNEY.