Feb 07, 2023 by HM

House prices in Billericay (CM12 0)

This article reveals price per square metre data and various charts to help you understand current housing market in Billericay (CM12 0).

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Price per square metre

Knowing the average house price in Billericay is not much use. However, knowing average price per square metre can be quite useful. Price per sqm allows some comparison between properties of different size. We define price per square metre as the sold price divided by the internal area of a property:

£ per sqm = price ÷ internal area

E.g. 6, Leveller Row, Billericay, sold for £330,000 on Oct-2023. Given the internal area of 67 square metres, the price per sqm is £4,925.

England & Wales have been officially metric for many decades. However house price per square foot is sometimes prefered by those of sufficiently advanced age. They may want to convert metres on this page to square feet.

The chart below is called a histogram, it helps you see the distribution of this house price per sqm data. To make this chart we put the sales data into a series of £ per sqm 'buckets' (e.g. £4,700-£5,000, £5,000-£5,300, £5,300-£5,600 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 348 sales in Billericay (CM12 0) that took place in the last two years.

You can see the spread of prices above. This is because although internal area is a key factor in determining valuation, it is not the only factor. Many factors other than size affect desirability; these factors could be condition, aspect, garden size, negotiating power of the vendor etc.

That said, the spread of prices will give you a feel of the typical range to expect in Billericay (CM12 0). Of the 348 transactions, half were sold for between £4,740 and £6,170 per square metre. Notably, only 25% of properties that sold recently were valued at more than £6,170m². For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

For the average, we calculate the 'median' or middle price. The median price per square metre in 'CM12 0' is £5,410. The table below shows how 'CM12 0' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
CM12 0 Billericay	£4,740m2	£5,410m2	£6,170m2
CM12 9 Billericay	£4,810m2	£5,520m2	£6,520m2

Will Billericay house prices drop in 2024?

I cannot tell the future and don't believe anyone who says they can. I can however plot price trends - I have done this in the scatter plot below for CM12 0 (Billericay). From this one could infer a range of reasonable possible future price falls or rises. In the chart below, the red dashed line is the house price trend for CM12 0 and the blue dots are the individual property sales that inform this trend.

Disclaimer: The data provided throughout this website about Billericay and any other area, is not financial advice. Any information provided does not and cannot ever take in to account the particular financial situation, objectives or property needs of either you or anyone reading this information. Furthermore, I cannot guarantee the accuracy of any data shown. This information is based on sold prices and internal area data provided by Land Registry and other third parties - I do not verify the accuracy of the Billericay data or any other data I am given.

Price map for Billericay

I've just finished coding the map I link to below. I find it useful and I am sure it will help you in exploring Billericay. You can zoom in all the way to individual properties and then all the way back out to see the whole country. The colours show the current estimated property values. I will explain more about the methodology and create a key next week.

House price heatmap for Billericay

Street level data

Street	Avg size	Avg £/m2	Recent sales
Norsey View Drive, Billericay, CM12 0Q	118m2	£5,426	31
Stock Road, Billericay, CM12 0R	130m2	£5,019	26
Park Lodge, Billericay, CM12 0Q	46m2	£3,343	25
Perry Street, Billericay, CM12 0N	107m2	£5,393	21
Mountnessing Road, Billericay, CM12 0E	125m2	£5,146	19
Whitesmith Drive, Billericay, CM12 0F	60m2	£6,221	17
Knightbridge Walk, Billericay, CM12 0H	90m2	£5,430	17
Stock Road, Billericay, CM12 0B	92m2	£5,247	15

Search for your street here.

Raw data

Our analysis of Billericay is derived from what is essentially a big table of sold prices from Land Registry with added property size information. Below are three rows from this table to give you an idea.

Address	Paid	m2	£/m2
6, Leveller Row, Billericay	£330,000 Oct-2023	67	4,925
Apartment 16 The Grange, 126, Stock Rd, Billericay	£310,000 Aug-2023	65	4,769
7, Newlands Close, Billericay	£490,000 Aug-2023	100	4,900

See the entire list of all sales in Billericay (CM12 0) here.