£367,664
This estimated value is based upon the latest sale price for the house of £297,500 on 16 Dec 2019. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £297,500 | 16 Dec 2019 |
| £263,500 | 27 Aug 2015 |
| £89,995 | 28 Jun 1996 |
| Detached |
| Freehold |
| Floor Area: 97 sq meters or 1,044 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 December 2019 the House Price Index for ESSEX was 121.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 23.585%.Applying this 23.585% change to the original purchase price of £297,500 results in an estimated price of approximately £367,664.
| 16 Dec 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.1 | 149.7 | 23.585 % | £297,500 | £70,164 | £367,664 |
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 | -8.718 % | £-25,935 | £271,564 |
| 3 Month Average | 1.036 % | £3,082 | £300,582 |
| 6 Month Average | -11.046 % | £-32,862 | £264,637 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Mar 2024 | £200,074 | £197,000 | FLAT 1 CHELSEA COURT DALYS ROAD |
| 14 Dec 2023 | £368,834 | £357,500 | 68 SOMERSET AVENUE |
| 28 Sep 2023 | £388,566 | £380,000 | 4 PINE TREE PLACE |
| 20 May 2022 | £518,508 | £505,000 | 18 DALYS ROAD |
| 4 Feb 2022 | £359,195 | £340,000 | 29 DALYS ROAD |
This house has a floor area of 97 sq meters or 1,044 sq feet when measured on 10 May 2019. Using an estimated price of £367,664 means this house is valued at £3,790 per sq meter (£352 per sq foot).
The average size of a house on SOVEREIGN CLOSE is 81 sq meters (878 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| May 2024 | Other theft | Unable to prosecute suspect | On or near Dalys Road |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Heritage Way |
| Jul 2024 | Criminal damage and arson | Under investigation | On or near Heritage Way |
| Jun 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Heritage Way |
| Jun 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Heritage Way |