£434,213
This estimated value is based upon the latest sale price for the house of £335,000 on 29 Mar 2017. This value is then adjusted by the current Official House Price Index for ESSEX 1
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Price Paid | Date |
---|---|
£335,000 | 29 Mar 2017 |
Detached |
Freehold |
Floor Area: 110 sq meters or 1,184 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 March 2017 the House Price Index for ESSEX was 114.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 29.616%.Applying this 29.616% change to the original purchase price of £335,000 results in an estimated price of approximately £434,213.
29 Mar 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
114.6 | 148.6 | 29.616 % | £335,000 | £99,213 | £434,213 |
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 | 7.723 % | £25,871 | £360,871 |
3 Month Average | 15.520 % | £51,991 | £386,991 |
6 Month Average | 19.032 % | £63,758 | £398,758 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
1 Jun 2023 | £475,763 | £470,000 | 123 MARINE PARADE EAST |
20 Jan 2023 | £174,180 | £175,000 | 7 GUNFLEET COURT MARINE PARADE EAST |
29 Sep 2022 | £411,676 | £415,000 | 3 THIRD AVENUE |
26 Aug 2022 | £473,725 | £475,000 | 8 FOURTH AVENUE |
5 Aug 2022 | £369,007 | £370,000 | 4 FOURTH AVENUE |
This house has a floor area of 110 sq meters or 1,184 sq feet when measured on 26 Oct 2016. Using an estimated price of £434,213 means this house is valued at £3,947 per sq meter (£366 per sq foot).
The average size of a house on MARINE PARADE EAST is 75 sq meters (808 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Third Avenue |
Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Third Avenue |
Feb 2024 | Other theft | Investigation complete; no suspect identified | On or near First Avenue |
Mar 2024 | Bicycle theft | Under investigation | On or near Connaught Close |
Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Connaught Close |