Market Insights, Billericay

Located in the heart of Essex, Billericay offers a unique blend of community and lifestyle. With a population density of 7.9 residents per hectare, with a total population of 44,660 (2021 census), marking a modest increase of 0.9% over the span of a decade, from 2011 to 2021.

Demographic segments reveal interesting patterns that impact market dynamics. A distinctive 12.6% of the population falls within the 35 to 44 age group, below the regional average. This demographic affects consumer preferences, meaning that the local shops and eateries, property preferences and amenities cater to this age group’s needs.

Delving into households, 26.3% of households in Billericay consist of individuals living alone, a significant 40% of households accommodate families with children. This divergence shapes the demand for housing types, sizes, and amenities, contributing to a dynamic market that serves diverse living options.

Over the last 12 months the average sales price in Billericay was £481,401. The total value of sales was £314,760,592. 

15% of sales in the past 12 months were flats, achieving an average sales price of £236,015. Houses achieved an average price of £546,689. 

The highest value recorded by the Land Registry over the past 12 months was £545,000 for a flat and £3,950,000 for a house. 

Over the last 12 months, the average rent achieved for homes let in Billericay was £1,331 per month. This is a +5% change on the previous 12 month period. 

34% of homes let in the past 12 months were flats, achieving an average rental value of £1,066 per month. Houses achieved an average rent of £1,499 per month. 

18% of renters are aged between 25 and 29.

A popular town offering excellent road and rail links into Central London via the Greater Anglia service. Billericay has historically proved to be a desirable 'go to' destination for both private homeowners and tenants alike. Commuters are attracted by great rail and road links into London and there is a strong demand for housing locally from staff working at the large hospital in Basildon, Lakeside Shopping Centre and Southend Airport, which is only 15 miles away. With a good selection of local schools for those with families and a High Street offering a wide choice of shops, bars and restaurants, it is no surprise that the area has witnessed consistently strong capital growth over the last two decades.