31, WALTER MEAD CLOSE, ONGAR, CM5 0BW - £420,000

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.

31 WALTER MEAD CLOSE is a small extended semi-detached house of 92m², built sometime between 2003 and 2006, which could now be worth an estimated £492,878. It was last sold for £420,000 in May 2019, which was around 18% below the average May 2019 semi-detached price in the Epping Forest local authority area. The most recent EPC inspection was May 2019, where the current energy rating was C, and the potential energy rating was B.

31 WALTER MEAD CLOSE Sold Prices

Land registry data shows two sales for 31 WALTER MEAD CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Epping Forest local authority area for the corresponding sale date. One of the two 31 WALTER MEAD CLOSE 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
2019 15 MAY	£420,000	£510,886	18% below HPI
2006 23 JAN	£289,951	£270,783	7% above HPI

31 WALTER MEAD CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Epping Forest local authority area over time, sourced from the HPI. The two 31 WALTER MEAD CLOSE sales from January 2006 and May 2019 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 January 2006 sale was for 7% above the HPI. So the extrapolation line tracks at 7% above the HPI over time, until the May 2019 sale, where it falls to 18% below the HPI. The line then continues to track at 18% below the HPI.

What might 31 WALTER MEAD CLOSE be worth now?

31 WALTER MEAD CLOSE might now be worth an estimated £492,878.

This is based on house price inflation of 17.4%, between May 2019 and February 2025, for semi-detached houses, in the Epping Forest local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 17.4% inflationary increase is applied to the most recent sale price for 31 WALTER MEAD CLOSE of £420,000 on 15th May 2019. For the value to have increased from £420,000 to £492,878 over the six years and three months to February 2025, the following assumptions must hold true:

• The value of 31 WALTER MEAD CLOSE has moved in line with the HPI for semi-detached houses in the Epping Forest local authority area.
• The May 2019 sale price of £420,000 represented a fair market value for the property.
• The size, condition, and specification of 31 WALTER MEAD CLOSE has not materially changed since May 2019.

How Large is 31 WALTER MEAD CLOSE?

31 WALTER MEAD CLOSE is 92m², which includes one extension, according to the EPC inspection conducted in May 2019. This puts it in the smallest 40% of semi-detached houses houses in Shelley, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Shelley, and where 31 WALTER MEAD CLOSE lies on this distribution: 39% of semi-detached houses houses are smaller than 31 WALTER MEAD CLOSE, and 61% of houses are larger. Note that EPC data is not available for all properties in Shelley.

31 WALTER MEAD CLOSE: Plot and Title Map

31 WALTER MEAD CLOSE sits on a plot of roughly 0.044 of an acre, or 180m². The below map shows the location of 31 WALTER MEAD 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 31 WALTER MEAD 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 31 WALTER MEAD CLOSE?

31 WALTER MEAD CLOSE is located in ONGAR, in the CM5 postcode district. The below map shows the position of No. 31 on WALTER MEAD CLOSE.