# House prices in CM12 0 (Billericay)

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

## Defining 'CM12 0'

This analysis is limited to properties whose postcode starts with "CM12 0", this is also called the postcode sector. It is shown in red on the map above. There are no official names for postcode sectors so I've just labelled it Billericay.

You can click on the map labels to change to a neighbouring sector, or you can enter a different postcode sector (e.g. CM23 4) below.

FYI, a postcode sector is the full postcode without the last two letters.

## 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. 8, York Road, Billericay, sold for £305,000 on Apr-2024. Given the internal area of 42 square metres, the price per sqm is £7,261.

England & Wales have been officially metric since 1965. However house price per square foot is prefered by some estate agents and those of sufficiently advanced age ;-) They may want to convert square meters 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 312 sales in Billericay (CM12 0) that took place in the last two years.

##### Distribution of £ per sqm for Billericay
Distribution of £ per sqm house prices in Billericay

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.

The spread of prices will give you a feel of the typical range to expect in Billericay (CM12 0). Of the 312 transactions, half were sold for between £4,540 and £6,110 per square metre. The median, or 'middle', price per square metre in 'CM12 0' is £5,290. Notably, only 25% of properties that sold recently were valued at more than £6,110 sqm. For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

## Price map for Billericay

Do have a look at the interactive price map I created. 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.

House price heatmap for Billericay

## Comparison with neighbouring postcode sectors

The table below shows how 'CM12 0' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
CM12 0 Billericay £4,540 sqm £5,290 sqm £6,110 sqm
CM12 9 Billericay £4,740 sqm £5,390 sqm £6,420 sqm

## 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 chart below for CM12 0 (Billericay) compared with both the wider area CM12 and inflation (CPIH from the Office of National Statistics). The dashed trend lines in the chart show the average over time.

##### Historic price per square metre in Billericay,Billericay
House price trends for Billericay

For the most recent sales activity, rather than a summarized average, it is better to see the underlying data. This is shown in the chart below, where blue dots represent individual sales, click on them to see details. If there is an obvious trend you should be able to spot it here amid the noise from outliers.

##### Most recent CM12 0 sales
Recent trends for Billericay

Data from Land Registry comes in gradually over time. I update it every month but it takes about 5 months for the majority of sales for Billericay to be recorded. Disclaimer: I do not verify and cannot guarantee the accuracy of any data shown. Outliers exist in the data, typically these are where the EPC registry records the internal area incorrectly, sometimes although very rarely the Land Registry price paid data can be wrong. 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.

## Street level data

Street Avg size Avg £sqm Recent sales
Norsey View Drive, Billericay, CM12 0Q 118 sqm £5,436 35
Park Lodge, Billericay, CM12 0Q 46 sqm £3,259 31
Stock Road, Billericay, CM12 0R 130 sqm £4,912 27
Perry Street, Billericay, CM12 0N 108 sqm £5,372 21
Mountnessing Road, Billericay, CM12 0E 125 sqm £5,146 19
Knightbridge Walk, Billericay, CM12 0H 90 sqm £5,383 18
Whitesmith Drive, Billericay, CM12 0F 60 sqm £6,221 17
Stock Road, Billericay, CM12 0B 92 sqm £5,191 16

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 sqm £/sqm
8, York Rd, Billericay £305,000
Apr-2024
42 7,261
77, Newlands Rd, Billericay £529,950
Apr-2024
87 6,091
5, Princes Close, Billericay £460,000
Mar-2024
89 5,168

#### About

I created HouseMetric because I wanted to see this data and analysis myself, I also wanted to teach myself to build a website. Please give me feedback or spread the word about it. I'm constantly tinkering and adding more stuff to it.