Feb 07, 2023 by HM

House prices in Billericay (CM12 9)

This article reveals price per square metre data and various charts to help you understand current housing market in Billericay (CM12 9).


Defining 'CM12 9'

This analysis is limited to properties whose postcode starts with "CM12 9", this is also called the postcode sector. It is shown in red on the map above. You can click on the map labels to change to a neighbouring sector.

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. 5, Alexander Mews, Billericay, sold for £310,000 on Feb-2024. Given the internal area of 64 square metres, the price per sqm is £4,843.

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. £6,150-£6,500, £6,500-£6,850, £6,850-£7,200 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 204 sales in Billericay (CM12 9) that took place in the last two years.

Distribution of £ per sqm for Billericay (CM12 9)
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 9). Of the 204 transactions, half were sold for between £4,770 and £6,310 per square metre. The median, or 'middle', price per square metre in 'CM12 9' is £5,340. Notably, only 25% of properties that sold recently were valued at more than £6,310m2. 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.

Property price heatmap for Billericay
House price heatmap for Billericay

Comparison with neighbouring postcode sectors

The table below shows how 'CM12 9' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
CM12 0 Billericay £4,610m2 £5,380m2 £6,160m2
CM12 9 Billericay £4,770m2 £5,340m2 £6,310m2

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 9 (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 9 and the blue dots are the individual property sales that inform this trend.

Price per square metre in Billericay (CM12 9) over time
House price trends for Billericay

Hover on any blue dot to see details of specific sales

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.

Street level data

Street Avg size Avg £/m2 Recent sales
Noak Hill Road, Billericay, CM12 9U 202m2 £4,806 38
Scrub Rise, Billericay, CM12 9P 116m2 £4,863 21
Tensing Gardens, Billericay, CM12 9J 86m2 £5,867 17
Fairfield Rise, Billericay, CM12 9N 101m2 £5,151 17
Tyelands, Billericay, CM12 9P 90m2 £5,089 17
Albion Court, Billericay, CM12 9L 53m2 £4,779 15
St Ediths Court, Billericay, CM12 9H 62m2 £4,571 13
Hunts Mead, Billericay, CM12 9J 81m2 £6,030 13

Search for your street here.

New build activity

Street Avg size Avg £/m2 New build sales
Laindon Road, Billericay, CM12 9F 65m2 £7,310 16

Laindon Road, Billericay, CM12 9F has seen 16 new build sales in the last 4 years (average price £478,672). These new build homes typically have an internal area of 65 m2, with an average price of £7,310 m2. This £sqm average is £1970 above the average for CM12 9. New builds typically command a £ per sqm premium so this is normal.

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
5, Alexander Mews, Billericay £310,000
Feb-2024
64 4,843
24, Bell Hill Close, Billericay £440,000
Jan-2024
90 4,888
29, Albion Court, Billericay £220,000
Jan-2024
44 5,000

See the entire list of all sales in Billericay (CM12 9) here.

About

HouseMetric is a hobby, created out of a desire to see data and analysis not present on any free to use website. It is still a work in progress and I'll add more stuff in the near future.