£573,014
This estimated value is based upon the latest sale price for the house of £560,000 on 30 Oct 2023. 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 |
|---|---|
| £560,000 | 30 Oct 2023 |
| £485,000 | 2 Aug 2019 |
| £245,000 | 30 Nov 2007 |
| Detached |
| Freehold |
| Floor Area: 115 sq meters or 1,237 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 2023 the House Price Index for ESSEX was 146.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.324%.Applying this 2.324% change to the original purchase price of £560,000 results in an estimated price of approximately £573,014.
| 30 Oct 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.3 | 149.7 | 2.324 % | £560,000 | £13,014 | £573,014 |
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 | 100.401 % | £562,244 | £1,122,244 |
| 3 Month Average | 13.319 % | £74,588 | £634,588 |
| 6 Month Average | 6.957 % | £38,957 | £598,957 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 Oct 2023 | £573,014 | £560,000 | 36 PRINCE EDWARD ROAD |
| 14 Sep 2023 | £501,045 | £490,000 | 24 MONS AVENUE |
| 21 Jun 2023 | £602,065 | £590,000 | 25 PRINCE EDWARD ROAD |
| 31 Oct 2022 | £433,552 | £435,000 | 10 FELSTED ROAD |
| 8 Jul 2022 | £427,281 | £423,000 | 23 SHALFORD ROAD |
This house has a floor area of 115 sq meters or 1,237 sq feet when measured on 18 Jun 2018. Using an estimated price of £573,014 means this house is valued at £4,982 per sq meter (£462 per sq foot).
The average size of a house on PRINCE EDWARD ROAD is 151 sq meters (1,626 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Prince Edward Road |
| Oct 2024 | Vehicle crime | Under investigation | On or near Shakespeare Avenue |
| Oct 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Mons Avenue |
| Sep 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Mons Avenue |
| Jul 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Mons Avenue |