£2,750,918
This estimated value is based upon the latest sale price for the house of £975,000 on 1 Jul 2002. This value is then adjusted by the current Official House Price Index for ESSEX 1
There has been one burglary within the last year on or near Norsey Drive
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8-10 High Street, Billericay, CM12 9BQ
Phone: 01277298601
| Price Paid | Date |
|---|---|
| £975,000 | 1 Jul 2002 |
| Detached |
| Freehold |
| Floor Area: 466 sq meters or 5,015 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 July 2002 the House Price Index for ESSEX was 53.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 182.145%.Applying this 182.145% change to the original purchase price of £975,000 results in an estimated price of approximately £2,750,918.
| 1 Jul 2002 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 53.1 | 149.7 | 182.145 % | £975,000 | £1,775,918 | £2,750,918 |
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 | 170.739 % | £1,664,706 | £2,639,706 |
| 3 Month Average | 168.817 % | £1,645,961 | £2,620,961 |
| 6 Month Average | 187.974 % | £1,832,744 | £2,807,744 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 5 Apr 2024 | £645,606 | £640,000 | 68 NORSEY ROAD |
| 6 Oct 2023 | £433,854 | £424,000 | 11 PARKLANDS |
| 22 Aug 2023 | £1,680,306 | £1,650,000 | 6 DEERBANK ROAD |
| 16 Jun 2023 | £1,556,186 | £1,525,000 | 47A NORSEY ROAD |
| 17 Apr 2023 | £1,503,114 | £1,475,000 | 19 NORSEY ROAD |
This house has a floor area of 466 sq meters or 5,015 sq feet when measured on 4 Feb 2014. Using an estimated price of £2,750,918 means this house is valued at £5,903 per sq meter (£548 per sq foot).
The average size of a house on DEERBANK ROAD is 464 sq meters (4,996 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Burglary | Investigation complete; no suspect identified | On or near Norsey Drive |
| Oct 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near St Andrews Drive |
| Oct 2024 | Other theft | Investigation complete; no suspect identified | On or near Horace Road |
| Sep 2024 | Burglary | Under investigation | On or near Little Norsey Road |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Copford Road |