£673,830
This estimated value is based upon the latest sale price for the house of £525,000 on 21 Feb 2017. 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 |
|---|---|
| £525,000 | 21 Feb 2017 |
| £108,000 | 24 Jan 1995 |
| Detached |
| Freehold |
| Floor Area: 120 sq meters or 1,291 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 2017 the House Price Index for ESSEX was 114.3.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 28.349%.Applying this 28.349% change to the original purchase price of £525,000 results in an estimated price of approximately £673,830.
| 21 Feb 2017 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 114.3 | 146.7 | 28.349 % | £525,000 | £148,830 | £673,830 |
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 | 11.630 % | £61,057 | £586,057 |
| 3 Month Average | 30.862 % | £162,023 | £687,023 |
| 6 Month Average | 20.771 % | £109,046 | £634,046 |
This house has a floor area of 120 sq meters or 1,291 sq feet when measured on 9 Jun 2016.
The average size of a house on OUTWOOD COMMON ROAD is 109 sq meters (1,182 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Outwood Farm Close |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Outwood Farm Close |
| Dec 2023 | Vehicle crime | Investigation complete; no suspect identified | On or near Outwood Farm Close |
| Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Henham Close |
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Holbrook Close |