9, LORRAINE CLOSE, BILLERICAY, CM11 2QG - £382,500

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.

9 LORRAINE CLOSE is a very small detached house of 95m², built sometime between 1950 and 1966, which could now be worth an estimated £480,228. It was last sold for £382,500 in March 2017, which was around 28% below the average March 2017 detached price in the Basildon local authority area. The most recent EPC inspection was April 2016, where the current energy rating was D, and the potential energy rating was B.

9 LORRAINE CLOSE Sold Prices

Land registry data shows two sales for 9 LORRAINE 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 9 LORRAINE 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 27 MAR	£382,500	£534,734	28% below HPI
2006 1 DEC	£227,000	£325,786	30% below HPI

9 LORRAINE 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 9 LORRAINE CLOSE sales from December 2006 and March 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 December 2006 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the March 2017 sale, where it rises to 28% below the HPI. The line then continues to track at 28% below the HPI.

What might 9 LORRAINE CLOSE be worth now?

9 LORRAINE CLOSE might now be worth an estimated £480,228.

This is based on house price inflation of 25.5%, between March 2017 and June 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 25.5% inflationary increase is applied to the most recent sale price for 9 LORRAINE CLOSE of £382,500 on 27th March 2017. For the value to have increased from £382,500 to £480,228 over the seven years and nine months to June 2025, the following assumptions must hold true:

• The value of 9 LORRAINE CLOSE has moved in line with the HPI for detached houses in the Basildon local authority area.
• The March 2017 sale price of £382,500 represented a fair market value for the property.
• The size, condition, and specification of 9 LORRAINE CLOSE has not materially changed since March 2017.

How Large is 9 LORRAINE CLOSE?

9 LORRAINE CLOSE is 95m² according to the EPC inspection conducted in April 2016. This puts it in the smallest 20% 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 9 LORRAINE CLOSE lies on this distribution: 14% of detached houses houses are smaller than 9 LORRAINE CLOSE, and 86% of houses are larger. Note that EPC data is not available for all properties in Billericay.

9 LORRAINE CLOSE: Plot and Title Map

9 LORRAINE CLOSE sits on a plot of roughly 0.054 of an acre, or 218m². The below map shows the location of 9 LORRAINE 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 9 LORRAINE 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 9 LORRAINE CLOSE?

9 LORRAINE CLOSE is located in BILLERICAY, in the CM11 postcode district. The below map shows the position of No. 9 on LORRAINE CLOSE.