2, MARTIN CLOSE, BILLERICAY, CM11 2BZ - £250,000

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 MARTIN CLOSE is a very small detached house of 79m², built sometime between 1983 and 1990, which could now be worth an estimated £523,312. It was last sold for £250,000 in September 2006, which was around 22% below the average September 2006 detached price in the Basildon local authority area. The most recent EPC inspection was August 2013, where the current energy rating was C, and the potential energy rating was B.

2 MARTIN CLOSE Sold Prices

Land registry data shows two sales for 2 MARTIN 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 Basildon local authority area for the corresponding sale date. Both of the two 2 MARTIN 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
2006 21 SEP	£250,000	£320,725	22% below HPI
2003 7 MAR	£210,000	£270,839	22% below HPI

2 MARTIN CLOSE 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 MARTIN CLOSE sales from March 2003 and September 2006 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 March 2003 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the September 2006 sale, which was also at 22% below the HPI.

What might 2 MARTIN CLOSE be worth now?

2 MARTIN CLOSE might now be worth an estimated £523,312.

This is based on house price inflation of 109.3%, between September 2006 and June 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 109.3% inflationary increase is applied to the most recent sale price for 2 MARTIN CLOSE of £250,000 on 21st September 2006. For the value to have increased from £250,000 to £523,312 over the nineteen years and three months to June 2025, the following assumptions must hold true:

• The value of 2 MARTIN CLOSE has moved in line with the HPI for detached houses in the Basildon local authority area.
• The September 2006 sale price of £250,000 represented a fair market value for the property.
• The size, condition, and specification of 2 MARTIN CLOSE has not materially changed since September 2006.

How Large is 2 MARTIN CLOSE?

2 MARTIN CLOSE is 79m² according to the EPC inspection conducted in August 2013. This puts it in the smallest 10% of detached houses houses in Billericay, based on EPC data. The below chart shows the distribution of detached houses houses by size in Billericay, and where 2 MARTIN CLOSE lies on this distribution: 7% of detached houses houses are smaller than 2 MARTIN CLOSE, and 93% of houses are larger. Note that EPC data is not available for all properties in Billericay.

2 MARTIN CLOSE: Plot and Title Map

2 MARTIN CLOSE sits on a plot of roughly 0.059 of an acre, or 237m². The below map shows the location of 2 MARTIN 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 MARTIN 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 MARTIN CLOSE?

2 MARTIN CLOSE is located in BILLERICAY, in the CM11 postcode district. The below map shows the position of No. 2 on MARTIN CLOSE.