TREE TOPS, OAK AVENUE, CRAYS HILL, BILLERICAY, CM11 2YD - £540,000

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.

TREE TOPS is a midsized detached house of 171m², built sometime between 1950 and 1966, which could now be worth an estimated £664,670. It was last sold for £540,000 in February 2017, which was around 1% above the average February 2017 detached price in the Basildon local authority area. The most recent EPC inspection was August 2014, where the current energy rating was D, and the potential energy rating was C.

TREE TOPS Sold Prices

Land registry data shows two sales for TREE TOPS 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 TREE TOPS 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
2017 24 FEB	£540,000	£535,566	1% above HPI
1997 7 JAN	£164,995	£109,575	51% above HPI

TREE TOPS 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 TREE TOPS sales from January 1997 and February 2017 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 1997 sale was for 51% above the HPI. So the extrapolation line tracks at 51% above the HPI over time, until the February 2017 sale, where it falls to 1% above the HPI. The line then continues to track at 1% above the HPI.

What might TREE TOPS be worth now?

TREE TOPS might now be worth an estimated £664,670.

This is based on house price inflation of 23.1%, between February 2017 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 23.1% inflationary increase is applied to the most recent sale price for TREE TOPS of £540,000 on 24th February 2017. For the value to have increased from £540,000 to £664,670 over the eight years to February 2025, the following assumptions must hold true:

• The value of TREE TOPS has moved in line with the HPI for detached houses in the Basildon local authority area.
• The February 2017 sale price of £540,000 represented a fair market value for the property.
• The size, condition, and specification of TREE TOPS has not materially changed since February 2017.

How Large is TREE TOPS?

TREE TOPS is 171m² according to the EPC inspection conducted in August 2014. This puts it in the largest 50% of detached houses houses in Crays Hill, based on EPC data. The below chart shows the distribution of detached houses houses by size in Crays Hill, and where TREE TOPS lies on this distribution: 60% of detached houses houses are smaller than TREE TOPS, and 40% of houses are larger. Note that EPC data is not available for all properties in Crays Hill.

TREE TOPS: Plot and Title Map

TREE TOPS sits on a plot of roughly 0.285 of an acre, or 1,155m². The below map shows the location of TREE TOPS, 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 TREE TOPS). 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 TREE TOPS?

TREE TOPS is located on OAK AVENUE in CRAYS HILL, in the CM11 postcode district. The below map shows the position of TREE TOPS on OAK AVENUE.