THE GATE HOUSE, GREY LADY PLACE, BILLERICAY, CM11 1LU - £290,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

THE GATE HOUSE is a very small extended detached house of 42m², built sometime before 1900, which could now be worth an estimated £355,053. It was last sold for £290,000 in February 2017, which was around 46% below the average February 2017 detached price in the Basildon local authority area. The most recent EPC inspection was February 2010, where the current energy rating was F, and the potential energy rating was F.

THE GATE HOUSE Sold Prices

Land registry data shows two sales for THE GATE HOUSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Basildon local authority area for the corresponding sale date. Both of the two THE GATE HOUSE 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
2017 14 FEB	£290,000	£535,566	46% below HPI
2002 16 JAN	£158,000	£209,341	25% below HPI

THE GATE HOUSE 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 two THE GATE HOUSE sales from January 2002 and February 2017 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 January 2002 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the February 2017 sale, where it falls to 46% below the HPI. The line then continues to track at 46% below the HPI.

What might THE GATE HOUSE be worth now?

THE GATE HOUSE might now be worth an estimated £355,053.

This is based on house price inflation of 22.4%, between February 2017 and December 2024, 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 22.4% inflationary increase is applied to the most recent sale price for THE GATE HOUSE of £290,000 on 14th February 2017. For the value to have increased from £290,000 to £355,053 over the six years and two months to December 2024, the following assumptions must hold true:

• The value of THE GATE HOUSE has moved in line with the HPI for detached houses in the Basildon local authority area.
• The February 2017 sale price of £290,000 represented a fair market value for the property.
• The size, condition, and specification of THE GATE HOUSE has not materially changed since February 2017.

How Large is THE GATE HOUSE?

THE GATE HOUSE is 42m², which includes one extension, according to the EPC inspection conducted in February 2010. This puts it in the smallest 10% 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 THE GATE HOUSE lies on this distribution: Less than 1% of detached houses houses are smaller than THE GATE HOUSE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Billericay.

THE GATE HOUSE: Plot and Title Map

THE GATE HOUSE sits on a plot of roughly 0.111 of an acre, or 449m². The below map shows the location of THE GATE HOUSE, 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 THE GATE HOUSE). 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 THE GATE HOUSE?

THE GATE HOUSE is located on GREY LADY PLACE in BILLERICAY, in the CM11 postcode district. The below map shows the position of THE GATE HOUSE on GREY LADY PLACE.