STRATHMORE, CRAYS HILL, BILLERICAY, CM11 2XJ - £490,000

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

STRATHMORE is a small extended detached house of 119m², built sometime between 1930 and 1949. It was last sold for £490,000 in February 2023, which was around 27% below the average February 2023 detached price in the Basildon local authority area. The most recent EPC inspection was February 2022, where the current energy rating was D, and the potential energy rating was C.

STRATHMORE Sold Prices

Land registry data shows six sales for STRATHMORE since 1^st January 1995. The below table shows the price paid for the six sales, along with the average detached price in the Basildon local authority area for the corresponding sale date. All of the six STRATHMORE 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
2023 6 FEB	£490,000	£675,767	27% below HPI
2015 15 MAY	£330,000	£429,615	23% below HPI
2008 1 FEB	£210,000	£362,394	42% below HPI
2005 7 OCT	£200,000	£311,700	36% below HPI
2005 31 JAN	£180,000	£306,871	41% below HPI
2002 6 SEP	£150,000	£244,082	39% below HPI

STRATHMORE 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 six STRATHMORE sales between September 2002 and February 2023 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 May 2015 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the February 2023 sale, where it falls to 27% below the HPI. The line then continues to track at 27% below the HPI.

How Large is STRATHMORE?

STRATHMORE is 119m², which includes one extension, according to the EPC inspection conducted in February 2022. This puts it in the smallest 30% of detached houses in Crays Hill, based on EPC data. The below chart shows the distribution of detached houses by size in Crays Hill, and where STRATHMORE lies on this distribution: 24% of detached houses are smaller than STRATHMORE, and 76% of houses are larger. Note that EPC data is not available for all properties in Crays Hill.

STRATHMORE: Plot and Title Map

STRATHMORE sits on a plot of roughly 0.113 of an acre, or 458m². The below map shows the location of STRATHMORE, 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 STRATHMORE). 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 STRATHMORE?

STRATHMORE is located on CRAYS HILL in BILLERICAY, in the CM11 postcode district. The below map shows the position of STRATHMORE on CRAYS HILL.