£427,185
This estimated value is based upon the latest sale price for the house of £322,500 on 24 Oct 2016. 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 |
|---|---|
| £322,500 | 24 Oct 2016 |
| Semi-Detached |
| Freehold |
| Floor Area: 101 sq meters or 1,094 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 October 2016 the House Price Index for ESSEX was 112.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 32.461%.Applying this 32.461% change to the original purchase price of £322,500 results in an estimated price of approximately £427,185.
| 24 Oct 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 112.2 | 148.6 | 32.461 % | £322,500 | £104,685 | £427,185 |
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 | 18.798 % | £60,623 | £383,123 |
| 3 Month Average | 19.154 % | £61,770 | £384,270 |
| 6 Month Average | 19.038 % | £61,398 | £383,898 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 Nov 2023 | £345,109 | £340,000 | 10 FRODEN COURT |
| 20 Jul 2023 | £390,252 | £385,000 | 59 FRODEN BROOK |
| 29 Jun 2023 | £242,943 | £240,000 | 3 FRODEN COURT |
| 7 Jun 2023 | £379,598 | £375,000 | 14 TYRONE CLOSE |
| 25 Oct 2022 | £474,887 | £480,000 | 18 TYRONE ROAD |
This house has a floor area of 101 sq meters or 1,094 sq feet when measured on 1 Oct 2010. Using an estimated price of £427,185 means this house is valued at £4,200 per sq meter (£390 per sq foot).
The average size of a house on PASSINGHAM AVENUE is 96 sq meters (1,033 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Vehicle crime | Unable to prosecute suspect | On or near Tyrone Close |
| Dec 2023 | Other theft | Investigation complete; no suspect identified | On or near Tyrone Close |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Passingham Close |
| Dec 2023 | Vehicle crime | Investigation complete; no suspect identified | On or near Passingham Close |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Hammonds Lane |