16, Fairbank Close
16, Fairbank Close
Description & Estimates
16, Fairbank Close, Ongar appears in the public record as a freehold house sitting on a 106 m2 plot.
By comparing it to nearby properties, we estimate it to be a mid-century house with 876 ft2 of internal area and a garden.
Locally, houses of this size normally have 3 bedrooms.
Our estimate of the sale value of 16, Fairbank Close, Ongar is £398,681 and its rental estimate is £1,862 per month, given the available information and assuming reasonable condition.
Fairbank Close, Ongar, CM5 falls within the CM5 postal district, in the borough of Epping Forest.
Our Data Sources
16, Fairbank Close, Ongar has 21 entries in the Land Registry , most recently in August 2007 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
The local information is scored as 4 out of 5 and is considered of high accuracy.
Price Range & Condition
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For 16, Fairbank Close, Ongar, we estimate a market value of £418,615 and a rental value of £1,955 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £370,774 and £1,732 per month respectively.
Recent Market Change
Over the last year, 16, Fairbank Close, Ongar has seen its estimated sale value decline by £940 (0.2%) and its estimated rental value climb by £62 per month (3.3%). This results in an estimated gross rental yield of 5.6%.
Plot Size
HM Land Registry records the plot of land for 16, Fairbank Close, Ongar as measuring 106 m2.
That makes it the 24th largest plot in the postcode, where 29 of the 33 other houses have recorded plot data.
Sold Prices
The most recent sale of 16, Fairbank Close, Ongar completed on 31st August 2007 at £199,950 and was recorded by HM Land Registry as a freehold house.
Since 1995 the property has sold twice.
Values of comparable properties have risen by 102.2% over the period since August 2007.
- Sold Aug 2007£199,950
- Sold May 1999£84,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 16, Fairbank Close, Ongar have sold within a radius of 1.1 kilometres, per the Land Registry and our network of Estate Agents.
The latest, on the 17th August 2023, was 21, Fairbank Close, Ongar, CM5 9HX, a freehold house which sold for £385,000.
Read more about house prices in CM5.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Of the 33 addresses on Fairbank Close, Ongar, CM5, 16, Fairbank Close, Ongar comes out as the 9th largest and the 8th most expensive in our analysis of the public data.
It is also £170k less expensive than the average property across the CM5 district.
More reading links
Schools Nearby
- 500mChipping Ongar Primary School
- 1.1kmOngar Primary School
- 1.8kmHigh Ongar Primary School
- 1.6kmThe Ongar Academy
- 9.6kmBecket Keys Church of England Free School
- 9.6kmShenfield High School
More reading links
Public Transport Nearby
From 16, Fairbank Close, Ongar, the nearest station is Epping, 8.7 kilometres away.
- 8.7kmEpping
- 10.0kmTheydon Bois
- 10.2kmShenfield
Available Internet Speeds
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
