18, HOPE ROAD, CRAYS HILL, BILLERICAY, CM11 2XS - £785,000

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

18 HOPE ROAD is a small extended detached house of 140m², built sometime between 1967 and 1975. It was last sold for £785,000 in August 2022, which was around 19% above the average August 2022 detached price in the Basildon local authority area. The most recent EPC inspection was May 2022, where the current energy rating was D, and the potential energy rating was C.

18 HOPE ROAD Sold Prices

Land registry data shows four sales for 18 HOPE ROAD since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Basildon local authority area for the corresponding sale date. two of the four 18 HOPE ROAD sales were for above the average price, and four 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
2022 31 AUG	£785,000	£661,189	19% above HPI
2016 22 APR	£575,000	£488,787	18% above HPI
2005 14 APR	£205,000	£303,658	32% below HPI
2004 30 JAN	£200,000	£285,213	30% below HPI

18 HOPE ROAD 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 four 18 HOPE ROAD sales between January 2004 and August 2022 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 April 2016 sale was for 18% above the HPI. So the extrapolation line tracks at 18% above the HPI over time, until the August 2022 sale, where it rises to 19% above the HPI. The line then continues to track at 19% above the HPI.

How Large is 18 HOPE ROAD?

18 HOPE ROAD is 140m², which includes two extensions, according to the EPC inspection conducted in May 2022. This puts it in the smallest 40% of detached houses in Crays Hill, based on EPC data. The below chart shows the distribution of detached houses by size in Crays Hill, and where 18 HOPE ROAD lies on this distribution: 38% of detached houses are smaller than 18 HOPE ROAD, and 62% of houses are larger. Note that EPC data is not available for all properties in Crays Hill.

18 HOPE ROAD: Plot and Title Map

18 HOPE ROAD sits on a plot of roughly 0.097 of an acre, or 394m². The below map shows the location of 18 HOPE ROAD, 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 18 HOPE ROAD). 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 18 HOPE ROAD?

18 HOPE ROAD is located in CRAYS HILL, in the CM11 postcode district. The below map shows the position of No. 18 on HOPE ROAD.