24, Fairbank Close
24, Fairbank Close
Description & Estimates
24, Fairbank Close, Ongar is recorded publicly as a mid-century freehold house across 613 ft2 of internal area, sitting on a 110 m2 plot.
Locally, houses of this size normally have 3 bedrooms with a garden.
Our estimate of the sale value of 24, Fairbank Close, Ongar is £333,043 and its rental estimate is £1,608 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
24, Fairbank Close, Ongar has 21 entries in the Land Registry , most recently in January 2014 and a single entry in the EPC database dated September 2013.
We combine this information with that of neighbouring properties to estimate the property 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 24, Fairbank Close, Ongar, we estimate a market value of £349,696 and a rental value of £1,688 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £309,730 and £1,495 per month respectively.
Recent Market Change
Over the last year, 24, Fairbank Close, Ongar has seen its estimated sale value decrease by £786 (0.2%) and its estimated rental value grow by £53 per month (3.3%). This results in an estimated gross rental yield of 5.8%.
Plot Size
HM Land Registry records the plot of land for 24, Fairbank Close, Ongar as measuring 110 m2.
That makes it the 23rd largest plot in the postcode, where 29 of the 33 other houses have recorded plot data.
Energy Efficiency
24, Fairbank Close, Ongar has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 25 Sep 2013.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
The most recent sale of 24, Fairbank Close, Ongar completed on 27th January 2014 at £223,500 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 84.0% over the period since January 2014.
- Sold Jan 2014£223,500
- Sold Oct 1995£64,500
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 24, 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 11th April 2023, was 30, Fairbank Close, Ongar, CM5 9HX, a freehold house which sold for £387,500.
Read more about house prices in CM5.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 33 addresses on Fairbank Close, Ongar, CM5, 24, Fairbank Close, Ongar comes out as the 27th largest and the 20th most expensive in our analysis of the public data.
It is also £236k 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 24, 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.
