2, HOPE ROAD, CRAYS HILL, BILLERICAY, CM11 2XS - £278,000

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 HOPE ROAD is a very small detached house of 81m², built sometime between 1950 and 1966, which could now be worth an estimated £534,812. It was last sold for £278,000 in January 2013, which was around 19% below the average January 2013 detached price in the Basildon local authority area. The most recent EPC inspection was August 2012, where the current energy rating was D, and the potential energy rating was B.

2 HOPE ROAD Sold Prices

Land registry data shows two sales for 2 HOPE ROAD since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Basildon local authority area for the corresponding sale date. One of the two 2 HOPE ROAD sales was for below the average price, whilst the other was 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
2013 10 JAN	£278,000	£342,664	19% below HPI
1995 30 JUN	£110,500	£98,986	12% above HPI

2 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 two 2 HOPE ROAD sales from June 1995 and January 2013 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 1995 sale was for 12% above the HPI. So the extrapolation line tracks at 12% above the HPI over time, until the January 2013 sale, where it falls to 19% below the HPI. The line then continues to track at 19% below the HPI.

What might 2 HOPE ROAD be worth now?

2 HOPE ROAD might now be worth an estimated £534,812.

This is based on house price inflation of 92.4%, between January 2013 and February 2025, for detached houses, in the Basildon local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 92.4% inflationary increase is applied to the most recent sale price for 2 HOPE ROAD of £278,000 on 10th January 2013. For the value to have increased from £278,000 to £534,812 over the eleven years and eleven months to February 2025, the following assumptions must hold true:

• The value of 2 HOPE ROAD has moved in line with the HPI for detached houses in the Basildon local authority area.
• The January 2013 sale price of £278,000 represented a fair market value for the property.
• The size, condition, and specification of 2 HOPE ROAD has not materially changed since January 2013.

How Large is 2 HOPE ROAD?

2 HOPE ROAD is 81m² according to the EPC inspection conducted in August 2012. This puts it in the smallest 10% of detached houses houses in Crays Hill, based on EPC data. The below chart shows the distribution of detached houses houses by size in Crays Hill, and where 2 HOPE ROAD lies on this distribution: 7% of detached houses houses are smaller than 2 HOPE ROAD, and 92% of houses are larger. Note that EPC data is not available for all properties in Crays Hill.

2 HOPE ROAD: Plot and Title Map

2 HOPE ROAD sits on a plot of roughly 0.114 of an acre, or 463m². The below map shows the location of 2 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 2 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 2 HOPE ROAD?

2 HOPE ROAD is located in CRAYS HILL, in the CM11 postcode district. The below map shows the position of No. 2 on HOPE ROAD.