THE RETREAT, VERA ROAD, DOWNHAM, BILLERICAY, CM11 1LJ - £616,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

THE RETREAT is a very small detached house of 85m², built sometime between 1930 and 1949. It was last sold for £616,000 in February 2021, which was around 2% above the average February 2021 detached price in the Chelmsford local authority area. The most recent EPC inspection was June 2020, where the current energy rating was E, and the potential energy rating was D.

THE RETREAT Sold Prices

Land registry data shows two sales for THE RETREAT since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Chelmsford local authority area for the corresponding sale date. One of the two THE RETREAT sales was for above the average price, whilst the other was 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
2021 12 FEB	£616,000	£603,114	2% above HPI
2003 25 APR	£285,000	£290,631	2% below HPI

THE RETREAT Price Paid vs. HPI Average

The below graph shows the average detached house price in the Chelmsford local authority area over time, sourced from the HPI. The two THE RETREAT sales from April 2003 and February 2021 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 April 2003 sale was for 2% below the HPI. So the extrapolation line tracks at 2% below the HPI over time, until the February 2021 sale, where it rises to 2% above the HPI. The line then continues to track at 2% above the HPI.

How Large is THE RETREAT?

THE RETREAT is 85m² according to the EPC inspection conducted in June 2020. This puts it in the smallest 20% of detached houses in Wickford, based on EPC data. The below chart shows the distribution of detached houses by size in Wickford, and where THE RETREAT lies on this distribution: 20% of detached houses are smaller than THE RETREAT, and 79% of houses are larger. Note that EPC data is not available for all properties in Wickford.

THE RETREAT: Plot and Title Map

THE RETREAT sits on a plot of roughly 0.366 of an acre, or 1,482m². The below map shows the location of THE RETREAT, 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 THE RETREAT). 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 THE RETREAT?

THE RETREAT is located on VERA ROAD in DOWNHAM, in the CM11 postcode district. The below map shows the position of THE RETREAT on VERA ROAD.