£220,544
This estimated value is based upon the latest sale price for the house of £149,995 on 28 May 2015. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £149,995 | 28 May 2015 |
| £163,250 | 12 Sep 2007 |
| Detached |
| Freehold |
| Floor Area: 62 sq meters or 673 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 May 2015 the House Price Index for ESSEX was 101.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 47.034%.Applying this 47.034% change to the original purchase price of £149,995 results in an estimated price of approximately £220,544.
| 28 May 2015 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 101.8 | 149.7 | 47.034 % | £149,995 | £70,549 | £220,544 |
The Postcode Pricing Model uses changes in average sales price within the CO16 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 | 31.056 % | £46,581 | £196,576 |
| 3 Month Average | 42.865 % | £64,294 | £214,289 |
| 6 Month Average | 43.404 % | £65,103 | £215,098 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 17 Nov 2023 | £256,511 | £250,000 | 10 SAXMUNDHAM WAY |
| 8 Nov 2023 | £205,209 | £200,000 | 27 WRITTLE CLOSE |
| 25 Sep 2023 | £270,973 | £265,000 | 9 FARMERS WAY |
| 23 Jun 2023 | £326,544 | £320,000 | 17 FARMERS WAY |
| 14 Apr 2022 | £311,227 | £300,000 | 32 BAWDSEY CLOSE |
This house has a floor area of 62 sq meters or 673 sq feet when measured on 29 Nov 2010. Using an estimated price of £220,544 means this house is valued at £3,524 per sq meter (£327 per sq foot).
The average size of a house on FARMERS WAY is 108 sq meters (1,169 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Farmers Way |
| May 2024 | Other crime | Under investigation | On or near Farmers Way |
| Apr 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Farmers Way |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Tyler Avenue |
| Apr 2024 | Other theft | Investigation complete; no suspect identified | On or near Tyler Avenue |