5, SPENCER CLOSE, BILLERICAY, CM12 0GF - £645,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

5 SPENCER CLOSE is a small detached house of 108m², built sometime between 1996 and 2002. It was last sold for £645,000 in January 2022, which was around 4% above the average January 2022 detached price in the Basildon local authority area. The most recent EPC inspection was November 2014, where the current energy rating was D, and the potential energy rating was B.

5 SPENCER CLOSE Sold Prices

Land registry data shows two sales for 5 SPENCER 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. One of the two 5 SPENCER CLOSE sales was for above the average price, whilst the other was 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
2022 5 JAN	£645,000	£621,471	4% above HPI
2016 22 FEB	£475,000	£480,128	1% below HPI

5 SPENCER 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 SPENCER CLOSE sales from February 2016 and January 2022 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 February 2016 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the January 2022 sale, where it rises to 4% above the HPI. The line then continues to track at 4% above the HPI.

How Large is 5 SPENCER CLOSE?

5 SPENCER CLOSE is 108m² according to the EPC inspection conducted in November 2014. This puts it in the smallest 30% of detached houses in Billericay, based on EPC data. The below chart shows the distribution of detached houses by size in Billericay, and where 5 SPENCER CLOSE lies on this distribution: 23% of detached houses are smaller than 5 SPENCER CLOSE, and 76% of houses are larger. Note that EPC data is not available for all properties in Billericay.

5 SPENCER CLOSE: Plot and Title Map

5 SPENCER CLOSE sits on a plot of roughly 0.079 of an acre, or 320m². The below map shows the location of 5 SPENCER 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 SPENCER 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 SPENCER CLOSE?

5 SPENCER CLOSE is located in BILLERICAY, in the CM12 postcode district. The below map shows the position of No. 5 on SPENCER CLOSE.