£465,020
This estimated value is based upon the latest sale price for the house of £385,000 on 18 Feb 2020. 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 |
|---|---|
| £385,000 | 18 Feb 2020 |
| Detached |
| Freehold |
| Floor Area: 58 sq meters or 624 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 February 2020 the House Price Index for ESSEX was 121.5.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 20.785%.Applying this 20.785% change to the original purchase price of £385,000 results in an estimated price of approximately £465,020.
| 18 Feb 2020 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.5 | 146.7 | 20.785 % | £385,000 | £80,020 | £465,020 |
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 | 34.709 % | £133,630 | £518,630 |
| 3 Month Average | 10.918 % | £42,035 | £427,035 |
| 6 Month Average | 11.109 % | £42,770 | £427,770 |
This house has a floor area of 58 sq meters or 624 sq feet when measured on 18 Jun 2019.
The average size of a house on MILL ROAD is 102 sq meters (1,106 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Violence and sexual offences | Local resolution | On or near Homefield Close |
| Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Homefield Close |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Homefield Close |
| Dec 2023 | Vehicle crime | Investigation complete; no suspect identified | On or near Mill Road |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Tyrrells Road |