3, CHESTWOOD CLOSE, BILLERICAY, CM12 0PB - £650,000

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.

3 CHESTWOOD CLOSE is a very large detached house of 190m², built sometime between 1967 and 1975, which could now be worth an estimated £747,755. It was last sold for £650,000 in September 2018, which was around 13% above the average September 2018 detached price in the Basildon local authority area. The most recent EPC inspection was May 2010, where the current energy rating was E, and the potential energy rating was C.

3 CHESTWOOD CLOSE Sold Prices

Land registry data shows three sales for 3 CHESTWOOD 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. All of the three 3 CHESTWOOD CLOSE sales were 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
2018 21 SEP	£650,000	£573,032	13% above HPI
2010 27 AUG	£480,000	£345,945	39% above HPI
2001 21 SEP	£249,995	£197,892	26% above HPI

3 CHESTWOOD 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 3 CHESTWOOD CLOSE sales between September 2001 and September 2018 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 August 2010 sale was for 39% above the HPI. So the extrapolation line tracks at 39% above the HPI over time, until the September 2018 sale, where it falls to 13% above the HPI. The line then continues to track at 13% above the HPI.

What might 3 CHESTWOOD CLOSE be worth now?

3 CHESTWOOD CLOSE might now be worth an estimated £747,755.

This is based on house price inflation of 15%, between September 2018 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 15% inflationary increase is applied to the most recent sale price for 3 CHESTWOOD CLOSE of £650,000 on 21st September 2018. For the value to have increased from £650,000 to £747,755 over the seven years and seven months to February 2025, the following assumptions must hold true:

• The value of 3 CHESTWOOD CLOSE has moved in line with the HPI for detached houses in the Basildon local authority area.
• The September 2018 sale price of £650,000 represented a fair market value for the property.
• The size, condition, and specification of 3 CHESTWOOD CLOSE has not materially changed since September 2018.

How Large is 3 CHESTWOOD CLOSE?

3 CHESTWOOD CLOSE is 190m² according to the EPC inspection conducted in May 2010. This puts it in the largest 20% 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 3 CHESTWOOD CLOSE lies on this distribution: 82% of detached houses houses are smaller than 3 CHESTWOOD CLOSE, and 18% of houses are larger. Note that EPC data is not available for all properties in Billericay.

3 CHESTWOOD CLOSE: Plot and Title Map

3 CHESTWOOD CLOSE sits on a plot of roughly 0.079 of an acre, or 320m². The below map shows the location of 3 CHESTWOOD 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 3 CHESTWOOD 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 3 CHESTWOOD CLOSE?

3 CHESTWOOD CLOSE is located in BILLERICAY, in the CM12 postcode district. The below map shows the position of No. 3 on CHESTWOOD CLOSE.