£281,700
This estimated value is based upon the latest sale price for the house of £56,860 on 30 Oct 1997. 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 Simons Lane Magdalen Green
More crime details
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| Price Paid | Date |
|---|---|
| £56,860 | 30 Oct 1997 |
| Detached |
| Freehold |
| Floor Area: 73 sq meters or 785 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 1997 the House Price Index for ESSEX was 30.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 395.428%.Applying this 395.428% change to the original purchase price of £56,860 results in an estimated price of approximately £281,700.
| 30 Oct 1997 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 30.0 | 148.6 | 395.428 % | £56,860 | £224,840 | £281,700 |
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 | 169.144 % | £96,175 | £153,035 |
| 3 Month Average | 331.263 % | £188,356 | £245,216 |
| 6 Month Average | 356.569 % | £202,744 | £259,604 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 7 Aug 2023 | £332,912 | £330,000 | 92 GEORGE WILLIAMS WAY |
| 4 Jul 2023 | £212,865 | £210,000 | 120 MAGDALEN STREET |
| 19 Aug 2022 | £243,345 | £244,000 | 3 BRETTS BUILDINGS MAGDALEN STREET |
| 11 Aug 2022 | £162,562 | £163,000 | 143 GEORGE WILLIAMS WAY |
| 1 Jul 2022 | £118,820 | £118,500 | FLAT 1 THE BEER HOUSE, 126 MAGDALEN STREET |
This house has a floor area of 73 sq meters or 785 sq feet when measured on 18 Apr 2012. Using an estimated price of £281,700 means this house is valued at £3,858 per sq meter (£358 per sq foot).
The average size of a house on MAGDALEN STREET is 59 sq meters (636 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Vehicle crime | Under investigation | On or near Simons Lane Magdalen Green |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Simons Lane Magdalen Green |
| Mar 2024 | Burglary | Investigation complete; no suspect identified | On or near Simons Lane Magdalen Green |
| Mar 2024 | Public order | Investigation complete; no suspect identified | On or near Simons Lane Magdalen Green |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Simons Lane Magdalen Green |