7, HOPE CLOSE, MOUNTNESSING, BRENTWOOD, CM15 0TN - £400,000

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.

7 HOPE CLOSE is a midsized extended semi-detached house of 138m², built sometime between 1950 and 1966, which could now be worth an estimated £458,134. It was last sold for £400,000 in September 2018, which was around 14% below the average September 2018 semi-detached price in the Brentwood local authority area. The most recent EPC inspection was October 2017, where the current energy rating was C, and the potential energy rating was C.

7 HOPE CLOSE Sold Prices

Land registry data shows three sales for 7 HOPE CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the Brentwood local authority area for the corresponding sale date. All of the three 7 HOPE 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
2018 14 SEP	£400,000	£467,462	14% below HPI
2008 25 JUN	£217,500	£293,583	26% below HPI
2005 22 JUN	£195,000	£241,603	19% below HPI

7 HOPE CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Brentwood local authority area over time, sourced from the HPI. The three 7 HOPE CLOSE sales between June 2005 and September 2018 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 June 2008 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the September 2018 sale, where it rises to 14% below the HPI. The line then continues to track at 14% below the HPI.

What might 7 HOPE CLOSE be worth now?

7 HOPE CLOSE might now be worth an estimated £458,134.

This is based on house price inflation of 14.5%, between September 2018 and February 2025, for semi-detached houses, in the Brentwood local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 14.5% inflationary increase is applied to the most recent sale price for 7 HOPE CLOSE of £400,000 on 14th September 2018. For the value to have increased from £400,000 to £458,134 over the seven years and seven months to February 2025, the following assumptions must hold true:

• The value of 7 HOPE CLOSE has moved in line with the HPI for semi-detached houses in the Brentwood local authority area.
• The September 2018 sale price of £400,000 represented a fair market value for the property.
• The size, condition, and specification of 7 HOPE CLOSE has not materially changed since September 2018.

How Large is 7 HOPE CLOSE?

7 HOPE CLOSE is 138m², which includes one extension, according to the EPC inspection conducted in October 2017. This puts it in the largest 50% of semi-detached houses houses in Mountnessing, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Mountnessing, and where 7 HOPE CLOSE lies on this distribution: 55% of semi-detached houses houses are smaller than 7 HOPE CLOSE, and 44% of houses are larger. Note that EPC data is not available for all properties in Mountnessing.

7 HOPE CLOSE: Plot and Title Map

7 HOPE CLOSE sits on a plot of roughly 0.038 of an acre, or 152m². The below map shows the location of 7 HOPE 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 7 HOPE 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 7 HOPE CLOSE?

7 HOPE CLOSE is located in MOUNTNESSING, in the CM15 postcode district. The below map shows the position of No. 7 on HOPE CLOSE.