£600,917
This estimated value is based upon the latest sale price for the house of £340,000 on 27 Jan 2006. This value is then adjusted by the current Official House Price Index for ESSEX 1
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7 Grange Parade, Grange Road, Billericay, CM11 2RF
Phone: 01277576926
| Price Paid | Date |
|---|---|
| £340,000 | 27 Jan 2006 |
| Semi-Detached |
| Freehold |
| Floor Area: 160 sq meters or 1,722 sq feet |
This model uses changes in the Official Land Registry House Price Index for ESSEX to estimate the market value.
When this house was purchased in January 2006 the House Price Index for ESSEX was 83.0.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 76.741%.Applying this 76.741% change to the original purchase price of £340,000 results in an estimated price of approximately £600,917.
| 27 Jan 2006 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 83.0 | 146.7 | 76.741 % | £340,000 | £260,917 | £600,917 |
The Postcode Pricing Model uses changes in average sales price within the CM11 postcode to calculate an estimated price.
The average sales price when the house was purchased is compared with the current average sales price.
This change is then applied to the initial purchase price to derive the current estimated price.
Three different estimates are shown, with averages drawn from 1 month, 3 month and 6 month timeframes.
The longer timeframes give less volatile estimates, but are not so timely.
More information on this model and the calculations
| Change % | Change £ | Estimated Price | |
| 1 Month Average | 93.235 % | £316,998 | £656,998 |
| 3 Month Average | 88.438 % | £300,688 | £640,688 |
| 6 Month Average | 96.424 % | £327,841 | £667,841 |
This house has a floor area of 160 sq meters or 1,722 sq feet when measured on 25 Apr 2018.
The average size of a house on OUTWOOD COMMON ROAD is 109 sq meters (1,182 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Drugs | Local resolution | On or near Petrol Station |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Petrol Station |
| Dec 2023 | Public order | Unable to prosecute suspect | On or near Petrol Station |
| Dec 2023 | Public order | Unable to prosecute suspect | On or near Petrol Station |
| Mar 2024 | Drugs | Awaiting court outcome | On or near Paddock Close |