ALMA, CROSSWAYS, BILLERICAY, CM11 1EZ - £450,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

ALMA is a small extended detached house of 106m², built sometime between 1930 and 1949, which could now be worth an estimated £641,094. It was last sold for £450,000 in December 2015, which was around 5% below the average December 2015 detached price in the Basildon local authority area. The most recent EPC inspection was June 2009, where the current energy rating was F, and the potential energy rating was E.

ALMA Sold Prices

Land registry data shows four sales for ALMA since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Basildon local authority area for the corresponding sale date. All of the four ALMA sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2015 9 DEC	£450,000	£471,242	5% below HPI
2013 13 DEC	£335,000	£365,353	8% below HPI
2001 10 AUG	£150,000	£192,517	22% below HPI
1999 26 MAY	£110,000	£130,792	16% below HPI

ALMA Price Paid vs. HPI Average

The below graph shows the average detached house price in the Basildon local authority area over time, sourced from the HPI. The four ALMA sales between May 1999 and December 2015 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the December 2013 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the December 2015 sale, where it rises to 5% below the HPI. The line then continues to track at 5% below the HPI.

What might ALMA be worth now?

ALMA might now be worth an estimated £641,094.

This is based on house price inflation of 42.5%, between December 2015 and June 2025, for detached houses, in the Basildon local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 42.5% inflationary increase is applied to the most recent sale price for ALMA of £450,000 on 9th December 2015. For the value to have increased from £450,000 to £641,094 over the ten years and six months to June 2025, the following assumptions must hold true:

• The value of ALMA has moved in line with the HPI for detached houses in the Basildon local authority area.
• The December 2015 sale price of £450,000 represented a fair market value for the property.
• The size, condition, and specification of ALMA has not materially changed since December 2015.

How Large is ALMA?

ALMA is 106m², which includes one extension, according to the EPC inspection conducted in June 2009. This puts it in the smallest 30% of detached houses houses in Billericay, based on EPC data. The below chart shows the distribution of detached houses houses by size in Billericay, and where ALMA lies on this distribution: 21% of detached houses houses are smaller than ALMA, and 79% of houses are larger. Note that EPC data is not available for all properties in Billericay.

ALMA: Plot and Title Map

ALMA sits on a plot of roughly 0.153 of an acre, or 618m². The below map shows the location of ALMA, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of ALMA). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is ALMA?

ALMA is located on CROSSWAYS in BILLERICAY, in the CM11 postcode district. The below map shows the position of ALMA on CROSSWAYS.