ESSENDENE, GAINSBOROUGH CLOSE, BILLERICAY, CM11 2DB - £419,995

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

ESSENDENE is a large detached house of 161m², built sometime between 2003 and 2006, which could now be worth an estimated £803,102. It was last sold for £419,995 in October 2011, which was around 22% above the average October 2011 detached price in the Basildon local authority area. The most recent EPC inspection was January 2024, where the current energy rating was C, and the potential energy rating was C.

ESSENDENE Sold Prices

Land registry data shows two sales for ESSENDENE 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 ESSENDENE 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
2011 14 OCT	£419,995	£342,911	22% above HPI
2000 11 DEC	£259,000	£173,335	49% above HPI

ESSENDENE 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 ESSENDENE sales from December 2000 and October 2011 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 2000 sale was for 49% above the HPI. So the extrapolation line tracks at 49% above the HPI over time, until the October 2011 sale, where it falls to 22% above the HPI. The line then continues to track at 22% above the HPI.

What might ESSENDENE be worth now?

ESSENDENE might now be worth an estimated £803,102.

This is based on house price inflation of 91.2%, between October 2011 and December 2024, 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 91.2% inflationary increase is applied to the most recent sale price for ESSENDENE of £419,995 on 14th October 2011. For the value to have increased from £419,995 to £803,102 over the twelve years and ten months to December 2024, the following assumptions must hold true:

• The value of ESSENDENE has moved in line with the HPI for detached houses in the Basildon local authority area.
• The October 2011 sale price of £419,995 represented a fair market value for the property.
• The size, condition, and specification of ESSENDENE has not materially changed since October 2011.

How Large is ESSENDENE?

ESSENDENE is 161m² according to the EPC inspection conducted in January 2024. This puts it in the largest 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 ESSENDENE lies on this distribution: 69% of detached houses houses are smaller than ESSENDENE, and 30% of houses are larger. Note that EPC data is not available for all properties in Billericay.

ESSENDENE: Plot and Title Map

ESSENDENE sits on a plot of roughly 0.076 of an acre, or 307m². The below map shows the location of ESSENDENE, 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 ESSENDENE). 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 ESSENDENE?

ESSENDENE is located on GAINSBOROUGH CLOSE in BILLERICAY, in the CM11 postcode district. The below map shows the position of ESSENDENE on GAINSBOROUGH CLOSE.