5, MEADE CLOSE, BILLERICAY, CM11 1DF - £560,000

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.

5 MEADE CLOSE is a large extended detached house of 157m², built sometime between 1976 and 1982, which could now be worth an estimated £893,968. It was last sold for £560,000 in February 2015, which was around 36% above the average February 2015 detached price in the Basildon local authority area. The most recent EPC inspection was May 2014, where the current energy rating was D, and the potential energy rating was C.

5 MEADE CLOSE Sold Prices

Land registry data shows two sales for 5 MEADE CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Basildon local authority area for the corresponding sale date. Both of the two 5 MEADE 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
2015 17 FEB	£560,000	£412,944	36% above HPI
1999 20 DEC	£215,000	£148,467	45% above HPI

5 MEADE 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 two 5 MEADE CLOSE sales from December 1999 and February 2015 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 December 1999 sale was for 45% above the HPI. So the extrapolation line tracks at 45% above the HPI over time, until the February 2015 sale, where it falls to 36% above the HPI. The line then continues to track at 36% above the HPI.

What might 5 MEADE CLOSE be worth now?

5 MEADE CLOSE might now be worth an estimated £893,968.

This is based on house price inflation of 59.6%, between February 2015 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 59.6% inflationary increase is applied to the most recent sale price for 5 MEADE CLOSE of £560,000 on 17th February 2015. For the value to have increased from £560,000 to £893,968 over the ten years to February 2025, the following assumptions must hold true:

• The value of 5 MEADE CLOSE has moved in line with the HPI for detached houses in the Basildon local authority area.
• The February 2015 sale price of £560,000 represented a fair market value for the property.
• The size, condition, and specification of 5 MEADE CLOSE has not materially changed since February 2015.

How Large is 5 MEADE CLOSE?

5 MEADE CLOSE is 157m², which includes four extensions, according to the EPC inspection conducted in May 2014. This puts it in the largest 40% 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 5 MEADE CLOSE lies on this distribution: 66% of detached houses houses are smaller than 5 MEADE CLOSE, and 33% of houses are larger. Note that EPC data is not available for all properties in Billericay.

5 MEADE CLOSE: Plot and Title Map

5 MEADE CLOSE sits on a plot of roughly 0.090 of an acre, or 366m². The below map shows the location of 5 MEADE 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 5 MEADE 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 5 MEADE CLOSE?

5 MEADE CLOSE is located in BILLERICAY, in the CM11 postcode district. The below map shows the position of No. 5 on MEADE CLOSE.