SOMERLEAZE, CHELMSFORD ROAD, ONGAR, CM5 9LX - £800,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

SOMERLEAZE is a very large extended detached house of 252m², built sometime between 1950 and 1966. It was last sold for £800,000 in March 2014, which was around 29% above the average March 2014 detached price in the Epping Forest local authority area. The most recent EPC inspection was January 2013, where the current energy rating was C, and the potential energy rating was B.

SOMERLEAZE Sold Prices

Land registry data shows two sales for SOMERLEAZE 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 SOMERLEAZE 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
2014 3 MAR	£800,000	£621,789	29% above HPI
2002 17 JAN	£400,000	£333,529	20% above HPI

SOMERLEAZE 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 SOMERLEAZE sales from January 2002 and March 2014 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 January 2002 sale was for 20% above the HPI. So the extrapolation line tracks at 20% above the HPI over time, until the March 2014 sale, where it rises to 29% above the HPI. The line then continues to track at 29% above the HPI.

How Large is SOMERLEAZE?

SOMERLEAZE is 252m², which includes one extension, according to the EPC inspection conducted in January 2013. This puts it in the largest 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 SOMERLEAZE lies on this distribution: More than 99% of detached houses are smaller than SOMERLEAZE, and less than 1% of houses are larger. Note that EPC data is not available for all properties in Shelley.

SOMERLEAZE: Plot and Title Map

SOMERLEAZE sits on a plot of roughly 0.721 of an acre, or 2,919m². The below map shows the location of SOMERLEAZE, 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 SOMERLEAZE). 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 SOMERLEAZE?

SOMERLEAZE is located on CHELMSFORD ROAD in ONGAR, in the CM5 postcode district. The below map shows the position of SOMERLEAZE on CHELMSFORD ROAD.