6, WALTER MEAD CLOSE, ONGAR, CM5 0BW - £345,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

6 WALTER MEAD CLOSE is a very small detached house of 70m², built sometime between 2003 and 2006. It was last sold for £345,000 in May 2017, which was around 60% below the average May 2017 detached price in the Epping Forest local authority area. The most recent EPC inspection was March 2015, where the current energy rating was C, and the potential energy rating was B.

6 WALTER MEAD CLOSE Sold Prices

Land registry data shows two sales for 6 WALTER MEAD 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 Epping Forest local authority area for the corresponding sale date. Both of the two 6 WALTER MEAD 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
2017 2 MAY	£345,000	£852,533	60% below HPI
2005 31 OCT	£235,000	£447,818	48% below HPI

6 WALTER MEAD 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 two 6 WALTER MEAD CLOSE sales from October 2005 and May 2017 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 October 2005 sale was for 48% below the HPI. So the extrapolation line tracks at 48% below the HPI over time, until the May 2017 sale, where it falls to 60% below the HPI. The line then continues to track at 60% below the HPI.

How Large is 6 WALTER MEAD CLOSE?

6 WALTER MEAD CLOSE is 70m² according to the EPC inspection conducted in March 2015. This puts it in the smallest 10% of detached houses in Shelley, based on EPC data. The below chart shows the distribution of detached houses by size in Shelley, and where 6 WALTER MEAD CLOSE lies on this distribution: 4% of detached houses are smaller than 6 WALTER MEAD CLOSE, and 96% of houses are larger. Note that EPC data is not available for all properties in Shelley.

6 WALTER MEAD CLOSE: Plot and Title Map

6 WALTER MEAD CLOSE sits on a plot of roughly 0.051 of an acre, or 208m². The below map shows the location of 6 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 6 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 6 WALTER MEAD CLOSE?

6 WALTER MEAD CLOSE is located in ONGAR, in the CM5 postcode district. The below map shows the position of No. 6 on WALTER MEAD CLOSE.