40, SPRINGFIELD CLOSE, ONGAR, CM5 0BB - £435,000

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.

40 SPRINGFIELD CLOSE is a very small semi-detached house of 73m², built sometime between 1976 and 1982, which could now be worth an estimated £491,105. It was last sold for £435,000 in November 2020, which was around 18% below the average November 2020 semi-detached price in the Epping Forest local authority area. The most recent EPC inspection was May 2010, where the current energy rating was C, and the potential energy rating was C.

40 SPRINGFIELD CLOSE Sold Prices

Land registry data shows five sales for 40 SPRINGFIELD CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average semi-detached price in the Epping Forest local authority area for the corresponding sale date. All of the five 40 SPRINGFIELD 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
2020 27 NOV	£435,000	£531,042	18% below HPI
2011 26 MAY	£247,000	£319,385	23% below HPI
2002 12 JUL	£182,500	£204,501	11% below HPI
1999 1 SEP	£109,500	£130,604	16% below HPI
1995 14 JUL	£79,000	£89,722	12% below HPI

40 SPRINGFIELD 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 five 40 SPRINGFIELD CLOSE sales between July 1995 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 May 2011 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the November 2020 sale, where it rises to 18% below the HPI. The line then continues to track at 18% below the HPI.

What might 40 SPRINGFIELD CLOSE be worth now?

40 SPRINGFIELD CLOSE might now be worth an estimated £491,105.

This is based on house price inflation of 12.9%, between November 2020 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 12.9% inflationary increase is applied to the most recent sale price for 40 SPRINGFIELD CLOSE of £435,000 on 27th November 2020. For the value to have increased from £435,000 to £491,105 over the five years and nine months to February 2025, the following assumptions must hold true:

• The value of 40 SPRINGFIELD CLOSE has moved in line with the HPI for semi-detached houses in the Epping Forest local authority area.
• The November 2020 sale price of £435,000 represented a fair market value for the property.
• The size, condition, and specification of 40 SPRINGFIELD CLOSE has not materially changed since November 2020.

How Large is 40 SPRINGFIELD CLOSE?

40 SPRINGFIELD CLOSE is 73m² according to the EPC inspection conducted in May 2010. This puts it in the smallest 10% 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 40 SPRINGFIELD CLOSE lies on this distribution: 4% of semi-detached houses houses are smaller than 40 SPRINGFIELD CLOSE, and 96% of houses are larger. Note that EPC data is not available for all properties in Shelley.

40 SPRINGFIELD CLOSE: Plot and Title Map

40 SPRINGFIELD CLOSE sits on a plot of roughly 0.054 of an acre, or 217m². The below map shows the location of 40 SPRINGFIELD 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 40 SPRINGFIELD 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 40 SPRINGFIELD CLOSE?

40 SPRINGFIELD CLOSE is located in ONGAR, in the CM5 postcode district. The below map shows the position of No. 40 on SPRINGFIELD CLOSE.