2, ELM COTTAGES, COXES FARM ROAD, BILLERICAY, CM11 2UB - £592,500

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.

2 ELM COTTAGES is a small extended terraced house of 113m², built sometime between 1900 and 1929, which could now be worth an estimated £699,804. It was last sold for £592,500 in October 2020, which was around 123% above the average October 2020 terraced price in the Basildon local authority area. The most recent EPC inspection was June 2020, where the current energy rating was C, and the potential energy rating was A.

2 ELM COTTAGES Sold Prices

Land registry data shows three sales for 2 ELM COTTAGES since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Basildon local authority area for the corresponding sale date. All of the three 2 ELM COTTAGES 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
2020 15 OCT	£592,500	£265,396	123% above HPI
2015 22 SEP	£330,000	£204,490	61% above HPI
2012 16 AUG	£180,000	£157,818	14% above HPI

2 ELM COTTAGES Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Basildon local authority area over time, sourced from the HPI. The three 2 ELM COTTAGES sales between August 2012 and October 2020 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 September 2015 sale was for 61% above the HPI. So the extrapolation line tracks at 61% above the HPI over time, until the October 2020 sale, where it rises to 123% above the HPI. The line then continues to track at 123% above the HPI.

What might 2 ELM COTTAGES be worth now?

2 ELM COTTAGES might now be worth an estimated £699,804.

This is based on house price inflation of 18.1%, between October 2020 and July 2025, for terraced 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 18.1% inflationary increase is applied to the most recent sale price for 2 ELM COTTAGES of £592,500 on 15th October 2020. For the value to have increased from £592,500 to £699,804 over the five years and three months to July 2025, the following assumptions must hold true:

• The value of 2 ELM COTTAGES has moved in line with the HPI for terraced houses in the Basildon local authority area.
• The October 2020 sale price of £592,500 represented a fair market value for the property.
• The size, condition, and specification of 2 ELM COTTAGES has not materially changed since October 2020.

How Large is 2 ELM COTTAGES?

2 ELM COTTAGES is 113m², which includes two extensions, according to the EPC inspection conducted in June 2020. This puts it in the smallest 30% of terraced houses houses in Billericay, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Billericay, and where 2 ELM COTTAGES lies on this distribution: 27% of terraced houses houses are smaller than 2 ELM COTTAGES, and 73% of houses are larger. Note that EPC data is not available for all properties in Billericay.

2 ELM COTTAGES: Plot and Title Map

2 ELM COTTAGES sits on a plot of roughly 0.064 of an acre, or 257m². The below map shows the location of 2 ELM COTTAGES, 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 2 ELM COTTAGES). 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 2 ELM COTTAGES?

2 ELM COTTAGES is located on COXES FARM ROAD in BILLERICAY, in the CM11 postcode district. The below map shows the position of 2 ELM COTTAGES on COXES FARM ROAD.