£554,505
This estimated value is based upon the latest sale price for the house of £450,000 on 5 May 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 |
|---|---|
| £450,000 | 5 May 2020 |
| £325,000 | 9 Aug 2010 |
| £280,000 | 14 Apr 2005 |
| Semi-Detached |
| Freehold |
| Floor Area: 113 sq meters or 1,216 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 2020 the House Price Index for ESSEX was 121.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 23.224%.Applying this 23.224% change to the original purchase price of £450,000 results in an estimated price of approximately £554,505.
| 5 May 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.5 | 149.7 | 23.224 % | £450,000 | £104,505 | £554,505 |
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 | -46.016 % | £-207,072 | £242,927 |
| 3 Month Average | -5.437 % | £-24,467 | £425,532 |
| 6 Month Average | 10.758 % | £48,409 | £498,409 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 17 May 2024 | £165,000 | £165,000 | 18 ALLINGTON COURT |
| 18 Apr 2024 | £176,533 | £175,000 | 47 ALLINGTON COURT |
| 15 Dec 2023 | £433,315 | £420,000 | 7 OUTWOOD COMMON ROAD |
| 21 Nov 2023 | £336,030 | £327,500 | 12 OUTWOOD COMMON ROAD |
| 30 Oct 2023 | £189,299 | £185,000 | 36 ALLINGTON COURT |
This house has a floor area of 113 sq meters or 1,216 sq feet when measured on 9 Feb 2019. Using an estimated price of £554,506 means this house is valued at £4,907 per sq meter (£455 per sq foot).
The average size of a house on BEAMS WAY is 95 sq meters (1,023 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Violence and sexual offences | Awaiting court outcome | On or near Beams Way |
| Jul 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Beams Way |
| Jul 2024 | Violence and sexual offences | Formal action is not in the public interest | On or near Beams Way |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Foys Walk |
| Aug 2024 | Other crime | Unable to prosecute suspect | On or near Beams Close |