£375,922
This estimated value is based upon the latest sale price for the house of £220,000 on 5 May 2010. This value is then adjusted by the current Official House Price Index for ESSEX 1
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8-10 High Street, Billericay, CM12 9BQ
Phone: 01277298601
| Price Paid | Date |
|---|---|
| £220,000 | 5 May 2010 |
| £195,000 | 20 May 2005 |
| Terraced |
| Freehold |
| Floor Area: 78 sq meters or 848 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 May 2010 the House Price Index for ESSEX was 87.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 70.874%.Applying this 70.874% change to the original purchase price of £220,000 results in an estimated price of approximately £375,922.
| 5 May 2010 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.6 | 149.7 | 70.874 % | £220,000 | £155,922 | £375,922 |
The Postcode Pricing Model uses changes in average sales price within the CM12 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 | 86.091 % | £189,399 | £409,399 |
| 3 Month Average | 49.160 % | £108,152 | £328,152 |
| 6 Month Average | 54.010 % | £118,821 | £338,821 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Apr 2024 | £394,930 | £391,500 | 43 RAVEN LANE |
| 19 Jun 2023 | £459,202 | £450,000 | 45 PERRY STREET |
| 21 Apr 2023 | £611,436 | £600,000 | 22 RAVEN LANE |
| 12 Apr 2023 | £417,815 | £410,000 | 8 WICK GLEN |
| 27 Oct 2022 | £578,069 | £580,000 | 1 RAVEN CRESCENT |
This house has a floor area of 78 sq meters or 848 sq feet when measured on 11 Nov 2009. Using an estimated price of £375,923 means this house is valued at £4,769 per sq meter (£443 per sq foot).
The average size of a house on RAVEN LANE is 104 sq meters (1,129 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Raven Lane |
| Aug 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Orchard Court |