2, ESSEX CLOSE, STEVENAGE, SG1 3FA - £676,000

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.

2 ESSEX CLOSE is a very large detached house of 164m², which could now be worth an estimated £708,977. It was last sold for £676,000 in October 2021, which was around 10% above the average October 2021 detached price in the Stevenage local authority area. The most recent EPC inspection was February 2016, where the current energy rating was B, and the potential energy rating was B.

2 ESSEX CLOSE Sold Prices

Land registry data shows three sales for 2 ESSEX 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 Stevenage local authority area for the corresponding sale date. All of the three 2 ESSEX 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
2021 28 OCT	£676,000	£613,393	10% above HPI
2016 12 SEP	£575,000	£522,600	10% above HPI
2014 11 FEB	£911,000	£372,449	145% above HPI

2 ESSEX CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Stevenage local authority area over time, sourced from the HPI. The three 2 ESSEX CLOSE sales between February 2014 and October 2021 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 September 2016 sale was for 10% above the HPI. So the extrapolation line tracks at 10% above the HPI over time, until the October 2021 sale, which was also at 10% above the HPI.

What might 2 ESSEX CLOSE be worth now?

2 ESSEX CLOSE might now be worth an estimated £708,977.

This is based on house price inflation of 4.9%, between October 2021 and February 2025, for detached houses, in the Stevenage local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 4.9% inflationary increase is applied to the most recent sale price for 2 ESSEX CLOSE of £676,000 on 28th October 2021. For the value to have increased from £676,000 to £708,977 over the four years and eight months to February 2025, the following assumptions must hold true:

• The value of 2 ESSEX CLOSE has moved in line with the HPI for detached houses in the Stevenage local authority area.
• The October 2021 sale price of £676,000 represented a fair market value for the property.
• The size, condition, and specification of 2 ESSEX CLOSE has not materially changed since October 2021.

How Large is 2 ESSEX CLOSE?

2 ESSEX CLOSE is 164m² according to the EPC inspection conducted in February 2016. This puts it in the largest 20% of detached houses houses in Stevenage, based on EPC data. The below chart shows the distribution of detached houses houses by size in Stevenage, and where 2 ESSEX CLOSE lies on this distribution: 85% of detached houses houses are smaller than 2 ESSEX CLOSE, and 15% of houses are larger. Note that EPC data is not available for all properties in Stevenage.

2 ESSEX CLOSE: Plot and Title Map

2 ESSEX CLOSE sits on a plot of roughly 0.074 of an acre, or 301m². The below map shows the location of 2 ESSEX 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 2 ESSEX 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 2 ESSEX CLOSE?

2 ESSEX CLOSE is located in STEVENAGE, in the SG1 postcode district. The below map shows the position of No. 2 on ESSEX CLOSE.