9, SPENCER CLOSE, BILLERICAY, CM12 0GF - £391,000

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.

9 SPENCER CLOSE is a small detached house of 122m², built sometime between 1996 and 2002, which could now be worth an estimated £702,813. It was last sold for £391,000 in November 2013, which was around 7% above the average November 2013 detached price in the Basildon local authority area. The most recent EPC inspection was September 2014, where the current energy rating was C, and the potential energy rating was B.

9 SPENCER CLOSE Sold Prices

Land registry data shows five sales for 9 SPENCER CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Basildon local authority area for the corresponding sale date. Most of the five 9 SPENCER 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
2013 29 NOV	£391,000	£366,743	7% above HPI
2011 15 FEB	£380,000	£341,827	11% above HPI
2007 19 MAR	£350,000	£327,956	7% above HPI
2003 18 SEP	£31,500	£290,926	89% below HPI
2003 27 JUN	£285,000	£276,153	3% above HPI

9 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 five 9 SPENCER CLOSE sales between June 2003 and November 2013 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 2011 sale was for 11% above the HPI. So the extrapolation line tracks at 11% above the HPI over time, until the November 2013 sale, where it falls to 7% above the HPI. The line then continues to track at 7% above the HPI.

What might 9 SPENCER CLOSE be worth now?

9 SPENCER CLOSE might now be worth an estimated £702,813.

This is based on house price inflation of 79.7%, between November 2013 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 79.7% inflationary increase is applied to the most recent sale price for 9 SPENCER CLOSE of £391,000 on 29th November 2013. For the value to have increased from £391,000 to £702,813 over the twelve years and nine months to February 2025, the following assumptions must hold true:

• The value of 9 SPENCER CLOSE has moved in line with the HPI for detached houses in the Basildon local authority area.
• The November 2013 sale price of £391,000 represented a fair market value for the property.
• The size, condition, and specification of 9 SPENCER CLOSE has not materially changed since November 2013.

How Large is 9 SPENCER CLOSE?

9 SPENCER CLOSE is 122m² according to the EPC inspection conducted in September 2014. This puts it in the smallest 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 9 SPENCER CLOSE lies on this distribution: 38% of detached houses houses are smaller than 9 SPENCER CLOSE, and 62% of houses are larger. Note that EPC data is not available for all properties in Billericay.

9 SPENCER CLOSE: Plot and Title Map

9 SPENCER CLOSE sits on a plot of roughly 0.067 of an acre, or 272m². The below map shows the location of 9 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 9 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 9 SPENCER CLOSE?

9 SPENCER CLOSE is located in BILLERICAY, in the CM12 postcode district. The below map shows the position of No. 9 on SPENCER CLOSE.