£434,876
This estimated value is based upon the latest sale price for the house of £425,000 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 |
|---|---|
| £425,000 | 30 Oct 2023 |
| £220,000 | 4 Dec 2014 |
| £181,500 | 10 Mar 2005 |
| Terraced |
| Freehold |
| Floor Area: 72 sq meters or 775 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 £425,000 results in an estimated price of approximately £434,876.
| 30 Oct 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.3 | 149.7 | 2.324 % | £425,000 | £9,876 | £434,876 |
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 % | £426,703 | £851,703 |
| 3 Month Average | 13.319 % | £56,607 | £481,607 |
| 6 Month Average | 6.957 % | £29,565 | £454,565 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 May 2024 | £372,000 | £372,000 | 31 HOLBROOK CLOSE |
| 30 Oct 2023 | £434,877 | £425,000 | 8 STANSTED CLOSE |
| 27 Oct 2023 | £368,366 | £360,000 | 25 STANSTED CLOSE |
| 3 Oct 2023 | £542,317 | £530,000 | 49 HILLWAY |
| 14 Sep 2023 | £501,045 | £490,000 | 24 MONS AVENUE |
This house has a floor area of 72 sq meters or 775 sq feet when measured on 5 Aug 2014. Using an estimated price of £434,877 means this house is valued at £6,039 per sq meter (£561 per sq foot).
The average size of a house on STANSTED CLOSE is 83 sq meters (900 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Anti-social behaviour | On or near Betoyne Close | |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Betoyne Close |
| Sep 2024 | Public order | Under investigation | On or near Betoyne Close |
| 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 |