£359,670
This estimated value is based upon the latest sale price for the house of £285,000 on 26 Oct 2017. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £285,000 | 26 Oct 2017 |
| £83,000 | 23 Jul 1999 |
| £79,995 | 28 Jun 1996 |
| Semi-Detached |
| Freehold |
| Floor Area: 70 sq meters or 753 sq feet |
This model uses changes in the Official Land Registry House Price Index for ESSEX to estimate the market value.
When this house was purchased in October 2017 the House Price Index for ESSEX was 117.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 26.200%.Applying this 26.200% change to the original purchase price of £285,000 results in an estimated price of approximately £359,670.
| 26 Oct 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 117.7 | 148.6 | 26.200 % | £285,000 | £74,670 | £359,670 |
The Postcode Pricing Model uses changes in average sales price within the SS4 postcode to calculate an estimated price.
The average sales price when the house was purchased is compared with the current average sales price.
This change is then applied to the initial purchase price to derive the current estimated price.
Three different estimates are shown, with averages drawn from 1 month, 3 month and 6 month timeframes.
The longer timeframes give less volatile estimates, but are not so timely.
More information on this model and the calculations
| Change % | Change £ | Estimated Price | |
| 1 Month Average | -47.021 % | £-134,010 | £150,989 |
| 3 Month Average | -6.888 % | £-19,631 | £265,368 |
| 6 Month Average | 3.251 % | £9,266 | £294,266 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Mar 2024 | £197,000 | £197,000 | FLAT 1 CHELSEA COURT DALYS ROAD |
| 28 Sep 2023 | £384,922 | £380,000 | 4 PINE TREE PLACE |
| 12 Jan 2023 | £295,110 | £296,500 | 20 REGENCY CLOSE |
| 20 May 2022 | £514,698 | £505,000 | 18 DALYS ROAD |
| 4 Feb 2022 | £356,556 | £340,000 | 29 DALYS ROAD |
This house has a floor area of 70 sq meters or 753 sq feet when measured on 23 Nov 2016. Using an estimated price of £359,670 means this house is valued at £5,138 per sq meter (£477 per sq foot).
The average size of a house on SOVEREIGN CLOSE is 81 sq meters (878 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Heritage Way |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Regency Close |
| Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Somerset Avenue |
| Jan 2024 | Anti-social behaviour | On or near Pollards Court | |
| Jan 2024 | Anti-social behaviour | On or near Pollards Court |