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

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

2 HOPE ROAD is a very small detached house of 81m², built sometime between 1950 and 1966. It was last sold for £278,000 in January 2013, which was around 18% 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	£340,529	18% below HPI
1995 30 JUN	£110,500	£98,370	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 18% below the HPI. The line then continues to track at 18% below the HPI.

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 in Crays Hill, based on EPC data. The below chart shows the distribution of detached houses by size in Crays Hill, and where 2 HOPE ROAD lies on this distribution: 7% of detached 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.