MIDWOOD, DEERBANK ROAD, BILLERICAY, CM11 1BB - £1,382,500

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.

MIDWOOD is a very large extended detached house of 322m², built sometime between 2003 and 2006, which could now be worth an estimated £1,693,963. It was last sold for £1,382,500 in June 2017, which was around 152% above the average June 2017 detached price in the Basildon local authority area. The most recent EPC inspection was December 2016, where the current energy rating was C, and the potential energy rating was C.

MIDWOOD Sold Prices

Land registry data shows three sales for MIDWOOD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Basildon local authority area for the corresponding sale date. All of the three MIDWOOD 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
2017 30 JUN	£1,382,500	£547,917	152% above HPI
2004 31 MAR	£958,000	£294,351	225% above HPI
2003 13 JUN	£450,000	£276,153	63% above HPI

MIDWOOD 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 three MIDWOOD sales between June 2003 and June 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 March 2004 sale was for 225% above the HPI. So the extrapolation line tracks at 225% above the HPI over time, until the June 2017 sale, where it falls to 152% above the HPI. The line then continues to track at 152% above the HPI.

What might MIDWOOD be worth now?

MIDWOOD might now be worth an estimated £1,693,963.

This is based on house price inflation of 22.5%, between June 2017 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 22.5% inflationary increase is applied to the most recent sale price for MIDWOOD of £1,382,500 on 30th June 2017. For the value to have increased from £1,382,500 to £1,693,963 over the eight years to June 2025, the following assumptions must hold true:

• The value of MIDWOOD has moved in line with the HPI for detached houses in the Basildon local authority area.
• The June 2017 sale price of £1,382,500 represented a fair market value for the property.
• The size, condition, and specification of MIDWOOD has not materially changed since June 2017.

How Large is MIDWOOD?

MIDWOOD is 322m², which includes two extensions, according to the EPC inspection conducted in December 2016. 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 MIDWOOD lies on this distribution: 98% of detached houses houses are smaller than MIDWOOD, and 2% of houses are larger. Note that EPC data is not available for all properties in Billericay.

MIDWOOD: Plot and Title Map

MIDWOOD sits on a plot of roughly 0.205 of an acre, or 830m². The below map shows the location of MIDWOOD, 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 MIDWOOD). 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 MIDWOOD?

MIDWOOD is located on DEERBANK ROAD in BILLERICAY, in the CM11 postcode district. The below map shows the position of MIDWOOD on DEERBANK ROAD.