4, FAIRBANK CLOSE, ONGAR, CM5 9HX - £322,500

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.

4 FAIRBANK CLOSE is a very small detached house of 57m², built sometime between 1983 and 1990, which could now be worth an estimated £370,796. It was last sold for £322,500 in April 2019, which was around 64% below the average April 2019 detached price in the Epping Forest local authority area. The most recent EPC inspection was May 2010, where the current energy rating was D, and the potential energy rating was C.

4 FAIRBANK CLOSE Sold Prices

Land registry data shows four sales for 4 FAIRBANK CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Epping Forest local authority area for the corresponding sale date. All of the four 4 FAIRBANK 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
2019 5 APR	£322,500	£903,601	64% below HPI
2010 17 AUG	£220,000	£585,059	62% below HPI
2000 28 JUL	£99,500	£306,050	67% below HPI
1996 30 APR	£70,500	£165,242	57% below HPI

4 FAIRBANK CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Epping Forest local authority area over time, sourced from the HPI. The four 4 FAIRBANK CLOSE sales between April 1996 and April 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 August 2010 sale was for 62% below the HPI. So the extrapolation line tracks at 62% below the HPI over time, until the April 2019 sale, where it falls to 64% below the HPI. The line then continues to track at 64% below the HPI.

What might 4 FAIRBANK CLOSE be worth now?

4 FAIRBANK CLOSE might now be worth an estimated £370,796.

This is based on house price inflation of 15%, between April 2019 and February 2025, for 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 15% inflationary increase is applied to the most recent sale price for 4 FAIRBANK CLOSE of £322,500 on 5th April 2019. For the value to have increased from £322,500 to £370,796 over the six years and two months to February 2025, the following assumptions must hold true:

• The value of 4 FAIRBANK CLOSE has moved in line with the HPI for detached houses in the Epping Forest local authority area.
• The April 2019 sale price of £322,500 represented a fair market value for the property.
• The size, condition, and specification of 4 FAIRBANK CLOSE has not materially changed since April 2019.

How Large is 4 FAIRBANK CLOSE?

4 FAIRBANK CLOSE is 57m² according to the EPC inspection conducted in May 2010. This puts it in the smallest 10% of detached houses houses in Chipping Ongar, based on EPC data. The below chart shows the distribution of detached houses houses by size in Chipping Ongar, and where 4 FAIRBANK CLOSE lies on this distribution: Less than 1% of detached houses houses are smaller than 4 FAIRBANK CLOSE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Chipping Ongar.

4 FAIRBANK CLOSE: Plot and Title Map

4 FAIRBANK CLOSE sits on a plot of roughly 0.041 of an acre, or 165m². The below map shows the location of 4 FAIRBANK 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 4 FAIRBANK 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 4 FAIRBANK CLOSE?

4 FAIRBANK CLOSE is located in ONGAR, in the CM5 postcode district. The below map shows the position of No. 4 on FAIRBANK CLOSE.