24, NORSEY CLOSE, BILLERICAY, CM11 1AP - £1,150,000

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.

24 NORSEY CLOSE is a very large extended detached house of 264m², built sometime between 1996 and 2002, which could now be worth an estimated £1,270,043. It was last sold for £1,150,000 in November 2020, which was around 93% above the average November 2020 detached price in the Basildon local authority area. The most recent EPC inspection was May 2015, where the current energy rating was C, and the potential energy rating was C.

24 NORSEY CLOSE Sold Prices

Land registry data shows three sales for 24 NORSEY 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 Basildon local authority area for the corresponding sale date. Two of the three 24 NORSEY CLOSE sales were for above the average price, whilst one was 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
2020 6 NOV	£1,150,000	£596,904	93% above HPI
2015 11 DEC	£970,000	£471,242	106% above HPI
2000 5 OCT	£171,000	£173,228	1% below HPI

24 NORSEY 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 three 24 NORSEY CLOSE sales between October 2000 and November 2020 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 2015 sale was for 106% above the HPI. So the extrapolation line tracks at 106% above the HPI over time, until the November 2020 sale, where it falls to 93% above the HPI. The line then continues to track at 93% above the HPI.

What might 24 NORSEY CLOSE be worth now?

24 NORSEY CLOSE might now be worth an estimated £1,270,043.

This is based on house price inflation of 10.4%, between November 2020 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 10.4% inflationary increase is applied to the most recent sale price for 24 NORSEY CLOSE of £1,150,000 on 6th November 2020. For the value to have increased from £1,150,000 to £1,270,043 over the five years and nine months to February 2025, the following assumptions must hold true:

• The value of 24 NORSEY CLOSE has moved in line with the HPI for detached houses in the Basildon local authority area.
• The November 2020 sale price of £1,150,000 represented a fair market value for the property.
• The size, condition, and specification of 24 NORSEY CLOSE has not materially changed since November 2020.

How Large is 24 NORSEY CLOSE?

24 NORSEY CLOSE is 264m², which includes three extensions, according to the EPC inspection conducted in May 2015. This puts it in the largest 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 24 NORSEY CLOSE lies on this distribution: 95% of detached houses houses are smaller than 24 NORSEY CLOSE, and 5% of houses are larger. Note that EPC data is not available for all properties in Billericay.

24 NORSEY CLOSE: Plot and Title Map

24 NORSEY CLOSE sits on a plot of roughly 0.170 of an acre, or 688m². The below map shows the location of 24 NORSEY 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 24 NORSEY 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 24 NORSEY CLOSE?

24 NORSEY CLOSE is located in BILLERICAY, in the CM11 postcode district. The below map shows the position of No. 24 on NORSEY CLOSE.