2, GREY CLOSE, STANSTED, CM24 8FL - £465,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

2 GREY CLOSE is a very small detached house of 98m², built sometime between 2003 and 2006, which could now be worth an estimated £454,114. It was last sold for £465,000 in July 2022, which was around 36% below the average July 2022 detached price in the Uttlesford local authority area. The most recent EPC inspection was January 2022, where the current energy rating was C, and the potential energy rating was B.

2 GREY CLOSE Sold Prices

Land registry data shows two sales for 2 GREY 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 Uttlesford local authority area for the corresponding sale date. Both of the two 2 GREY CLOSE 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
2022 28 JUL	£465,000	£721,826	36% below HPI
2010 24 DEC	£256,500	£421,102	39% below HPI

2 GREY CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Uttlesford local authority area over time, sourced from the HPI. The two 2 GREY CLOSE sales from December 2010 and July 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 December 2010 sale was for 39% below the HPI. So the extrapolation line tracks at 39% below the HPI over time, until the July 2022 sale, where it rises to 36% below the HPI. The line then continues to track at 36% below the HPI.

What might 2 GREY CLOSE be worth now?

2 GREY CLOSE might now be worth an estimated £454,114.

This is based on house price deflation of 2.3%, between July 2022 and December 2024, for detached houses, in the Uttlesford local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 2.3% deflationary decrease is applied to the most recent sale price for 2 GREY CLOSE of £465,000 on 28th July 2022. For the value to have decreased from £465,000 to £454,114 over the one year and seven months to December 2024, the following assumptions must hold true:

• The value of 2 GREY CLOSE has moved in line with the HPI for detached houses in the Uttlesford local authority area.
• The July 2022 sale price of £465,000 represented a fair market value for the property.
• The size, condition, and specification of 2 GREY CLOSE has not materially changed since July 2022.

How Large is 2 GREY CLOSE?

2 GREY CLOSE is 98m² according to the EPC inspection conducted in January 2022. This puts it in the smallest 20% of detached houses houses in Stansted Mountfitchet, based on EPC data. The below chart shows the distribution of detached houses houses by size in Stansted Mountfitchet, and where 2 GREY CLOSE lies on this distribution: 15% of detached houses houses are smaller than 2 GREY CLOSE, and 84% of houses are larger. Note that EPC data is not available for all properties in Stansted Mountfitchet.

2 GREY CLOSE: Plot and Title Map

2 GREY CLOSE sits on a plot of roughly 0.059 of an acre, or 238m². The below map shows the location of 2 GREY 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 GREY 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 GREY CLOSE?

2 GREY CLOSE is located in STANSTED, in the CM24 postcode district. The below map shows the position of No. 2 on GREY CLOSE.