£186,817
This estimated value is based upon the latest sale price for the house of £140,000 on 28 Oct 2016. This value is then adjusted by the current Official House Price Index for ESSEX 1
There has been one burglary within the last year on or near George Williams Way
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| Price Paid | Date |
|---|---|
| £140,000 | 28 Oct 2016 |
| £131,500 | 27 Oct 2006 |
| £118,500 | 29 Aug 2003 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 75 sq meters or 807 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 2016 the House Price Index for ESSEX was 112.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 33.441%.Applying this 33.441% change to the original purchase price of £140,000 results in an estimated price of approximately £186,817.
| 28 Oct 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 112.2 | 149.7 | 33.441 % | £140,000 | £46,817 | £186,817 |
The Postcode Pricing Model uses changes in average sales price within the CO1 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 | -34.531 % | £-48,343 | £91,656 |
| 3 Month Average | 14.428 % | £20,198 | £160,198 |
| 6 Month Average | 20.542 % | £28,758 | £168,758 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 Nov 2023 | £164,167 | £160,000 | 67 GEORGE WILLIAMS WAY |
| 10 Nov 2023 | £189,818 | £185,000 | 15 NICHOLSONS GROVE |
| 31 Oct 2023 | £168,835 | £165,000 | 73 GEORGE WILLIAMS WAY |
| 26 Sep 2023 | £173,832 | £170,000 | 36 NICHOLSONS GROVE |
| 10 Mar 2023 | £150,005 | £147,500 | 60 NICHOLSONS GROVE |
This house has a floor area of 75 sq meters or 807 sq feet when measured on 7 Jul 2021. Using an estimated price of £186,817 means this house is valued at £2,490 per sq meter (£231 per sq foot).
The average size of a house on GEORGE WILLIAMS WAY is 61 sq meters (662 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near George Williams Way |
| May 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near George Williams Way |
| Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near George Williams Way |
| Apr 2024 | Burglary | Investigation complete; no suspect identified | On or near George Williams Way |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Childwell Alley |