£344,256
This estimated value is based upon the latest sale price for the house of £154,500 on 28 Nov 2003. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £154,500 | 28 Nov 2003 |
| £76,000 | 1 Mar 2000 |
| Detached |
| Freehold |
| Floor Area: 60 sq meters or 645 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 November 2003 the House Price Index for ESSEX was 67.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 122.820%.Applying this 122.820% change to the original purchase price of £154,500 results in an estimated price of approximately £344,256.
| 28 Nov 2003 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 67.2 | 149.7 | 122.820 % | £154,500 | £189,756 | £344,256 |
The Postcode Pricing Model uses changes in average sales price within the CO15 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 | 56.338 % | £87,041 | £241,541 |
| 3 Month Average | 73.533 % | £113,607 | £268,107 |
| 6 Month Average | 82.438 % | £127,367 | £281,867 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 Apr 2024 | £302,628 | £300,000 | 11 SHALFLEET COURT |
| 14 Sep 2023 | £316,988 | £310,000 | 12 ROSE CRESCENT |
| 11 Sep 2023 | £291,424 | £285,000 | 48 CHILBURN ROAD |
| 24 Mar 2023 | £203,397 | £200,000 | 168 THORPE ROAD |
| 2 Feb 2023 | £261,748 | £260,000 | 186 THORPE ROAD |
This house has a floor area of 60 sq meters or 645 sq feet when measured on 11 Mar 2016. Using an estimated price of £344,257 means this house is valued at £5,737 per sq meter (£533 per sq foot).
The average size of a house on FRESHWATER LANE is 83 sq meters (901 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Freshwater Lane |
| May 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Freshwater Lane |
| Apr 2024 | Other theft | Investigation complete; no suspect identified | On or near Freshwater Lane |
| Jul 2024 | Burglary | Under investigation | On or near Shalfleet Court |
| May 2024 | Drugs | Local resolution | On or near Kiln Barn Avenue |