3, HOPE CLOSE, MOUNTNESSING, BRENTWOOD, CM15 0TN - £365,000

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 HOPE CLOSE is a very small extended semi-detached house of 82m², built sometime between 1967 and 1975, which could now be worth an estimated £471,696. It was last sold for £365,000 in May 2016, which was around 12% below the average May 2016 semi-detached price in the Brentwood local authority area. The most recent EPC inspection was October 2012, where the current energy rating was D, and the potential energy rating was B.

3 HOPE CLOSE Sold Prices

Land registry data shows three sales for 3 HOPE CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the Brentwood local authority area for the corresponding sale date. All of the three 3 HOPE 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
2016 27 MAY	£365,000	£414,295	12% below HPI
2013 25 JUL	£220,000	£298,597	26% below HPI
1999 20 DEC	£95,950	£134,133	28% below HPI

3 HOPE CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Brentwood local authority area over time, sourced from the HPI. The three 3 HOPE CLOSE sales between December 1999 and May 2016 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 July 2013 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the May 2016 sale, where it rises to 12% below the HPI. The line then continues to track at 12% below the HPI.

What might 3 HOPE CLOSE be worth now?

3 HOPE CLOSE might now be worth an estimated £471,696.

This is based on house price inflation of 29.2%, between May 2016 and February 2025, for semi-detached houses, in the Brentwood local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 29.2% inflationary increase is applied to the most recent sale price for 3 HOPE CLOSE of £365,000 on 27th May 2016. For the value to have increased from £365,000 to £471,696 over the nine years and three months to February 2025, the following assumptions must hold true:

• The value of 3 HOPE CLOSE has moved in line with the HPI for semi-detached houses in the Brentwood local authority area.
• The May 2016 sale price of £365,000 represented a fair market value for the property.
• The size, condition, and specification of 3 HOPE CLOSE has not materially changed since May 2016.

How Large is 3 HOPE CLOSE?

3 HOPE CLOSE is 82m², which includes one extension, according to the EPC inspection conducted in October 2012. This puts it in the smallest 20% of semi-detached houses houses in Mountnessing, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Mountnessing, and where 3 HOPE CLOSE lies on this distribution: 11% of semi-detached houses houses are smaller than 3 HOPE CLOSE, and 88% of houses are larger. Note that EPC data is not available for all properties in Mountnessing.

3 HOPE CLOSE: Plot and Title Map

3 HOPE CLOSE sits on a plot of roughly 0.046 of an acre, or 188m². The below map shows the location of 3 HOPE 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 HOPE 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 HOPE CLOSE?

3 HOPE CLOSE is located in MOUNTNESSING, in the CM15 postcode district. The below map shows the position of No. 3 on HOPE CLOSE.