THE OCEANS, POTASH ROAD, BILLERICAY, CM11 1HH - £532,500

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.

THE OCEANS is a very large extended detached house of 342m², built sometime between 1996 and 2002, which could now be worth an estimated £1,561,495. It was last sold for £532,500 in June 2002, which was around 137% above the average June 2002 detached price in the Basildon local authority area. The most recent EPC inspection was February 2022, where the current energy rating was C, and the potential energy rating was C.

THE OCEANS Sold Prices

Land registry data shows two sales for THE OCEANS 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 OCEANS sales were for above 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
2002 12 JUN	£532,500	£224,804	137% above HPI
1995 6 JAN	£215,000	£97,995	119% above HPI

THE OCEANS 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 OCEANS sales from January 1995 and June 2002 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 1995 sale was for 119% above the HPI. So the extrapolation line tracks at 119% above the HPI over time, until the June 2002 sale, where it rises to 137% above the HPI. The line then continues to track at 137% above the HPI.

What might THE OCEANS be worth now?

THE OCEANS might now be worth an estimated £1,561,495.

This is based on house price inflation of 193.2%, between June 2002 and February 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 193.2% inflationary increase is applied to the most recent sale price for THE OCEANS of £532,500 on 12th June 2002. For the value to have increased from £532,500 to £1,561,495 over the 23 years and four months to February 2025, the following assumptions must hold true:

• The value of THE OCEANS has moved in line with the HPI for detached houses in the Basildon local authority area.
• The June 2002 sale price of £532,500 represented a fair market value for the property.
• The size, condition, and specification of THE OCEANS has not materially changed since June 2002.

How Large is THE OCEANS?

THE OCEANS is 342m², which includes two extensions, according to the EPC inspection conducted in February 2022. This puts it in the largest 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 OCEANS lies on this distribution: 98% of detached houses houses are smaller than THE OCEANS, and 2% of houses are larger. Note that EPC data is not available for all properties in Billericay.

THE OCEANS: Plot and Title Map

THE OCEANS sits on a plot of roughly 0.312 of an acre, or 1,263m². The below map shows the location of THE OCEANS, 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 OCEANS). 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 OCEANS?

THE OCEANS is located on POTASH ROAD in BILLERICAY, in the CM11 postcode district. The below map shows the position of THE OCEANS on POTASH ROAD.