£413,636
This estimated value is based upon the latest sale price for the house of £88,000 on 28 Aug 1998. This value is then adjusted by the current Official House Price Index for ESSEX 1
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Price Paid | Date |
---|---|
£88,000 | 28 Aug 1998 |
Detached |
Freehold |
Floor Area: 76 sq meters or 818 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 August 1998 the House Price Index for ESSEX was 31.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 370.042%.Applying this 370.042% change to the original purchase price of £88,000 results in an estimated price of approximately £413,636.
28 Aug 1998 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
31.8 | 149.7 | 370.042 % | £88,000 | £325,636 | £413,636 |
The Postcode Pricing Model uses changes in average sales price within the CO11 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 | 547.250 % | £481,580 | £569,580 |
3 Month Average | 376.506 % | £331,325 | £419,325 |
6 Month Average | 404.256 % | £355,744 | £443,744 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
19 Dec 2023 | £288,877 | £280,000 | 12 GLEBE CLOSE |
31 Aug 2023 | £322,822 | £317,000 | NADINE COLCHESTER ROAD |
30 Sep 2022 | £309,793 | £310,000 | 4 SWEDISH ESTATE |
26 Aug 2022 | £462,161 | £460,000 | 4 ABBOTS CLOSE |
26 Aug 2022 | £226,057 | £225,000 | 5 WHEELWRIGHTS COLCHESTER ROAD |
This house has a floor area of 76 sq meters or 818 sq feet when measured on 4 Jul 2012. Using an estimated price of £413,637 means this house is valued at £5,442 per sq meter (£505 per sq foot).
The average size of a house on ABBOTS CLOSE is 141 sq meters (1,523 sq feet).
This house is the smallest in the street with a floor area of 76 sq meters (818 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
May 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Clacton Road |
May 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Clacton Road |
May 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Clacton Road |
May 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Clacton Road |
Jun 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Colchester Road |