£433,834
This estimated value is based upon the latest sale price for the house of £332,000 on 31 Jan 2017. This value is then adjusted by the current Official House Price Index for ESSEX 1
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Price Paid | Date |
---|---|
£332,000 | 31 Jan 2017 |
£247,500 | 17 May 2016 |
Detached |
Freehold |
Floor Area: 67 sq meters or 721 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 January 2017 the House Price Index for ESSEX was 113.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 30.673%.Applying this 30.673% change to the original purchase price of £332,000 results in an estimated price of approximately £433,834.
31 Jan 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
113.7 | 148.6 | 30.673 % | £332,000 | £101,834 | £433,834 |
The Postcode Pricing Model uses changes in average sales price within the CO13 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 | 72.380 % | £240,301 | £572,301 |
3 Month Average | 6.706 % | £22,264 | £354,264 |
6 Month Average | 18.166 % | £60,311 | £392,311 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
20 Feb 2023 | £259,825 | £260,000 | 49 RAINHAM WAY |
9 Jun 2022 | £273,870 | £270,000 | 18 RAINHAM WAY |
11 Feb 2022 | £487,643 | £465,000 | 21 WARLEY WAY |
3 Dec 2021 | £265,702 | £248,000 | 73 RAINHAM WAY |
25 Oct 2021 | £337,476 | £305,000 | 47 RAINHAM WAY |
This house has a floor area of 67 sq meters or 721 sq feet when measured on 17 Aug 2016. Using an estimated price of £433,834 means this house is valued at £6,475 per sq meter (£601 per sq foot).
The average size of a house on RAINHAM WAY is 72 sq meters (777 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Columbine Gardens |
Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Columbine Gardens |
Apr 2024 | Violence and sexual offences | Under investigation | On or near Columbine Gardens |
Apr 2024 | Drugs | Local resolution | On or near B1336 |
Apr 2024 | Drugs | Under investigation | On or near B1336 |