£236,604
This estimated value is based upon the latest sale price for the house of £190,000 on 10 May 2019. This value is then adjusted by the current Official House Price Index for ESSEX 1
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Price Paid | Date |
---|---|
£190,000 | 10 May 2019 |
£186,000 | 31 Mar 2017 |
£155,000 | 30 Sep 2005 |
£124,995 | 27 Jan 2003 |
Terraced |
Freehold |
Floor Area: 76 sq meters or 818 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 2019 the House Price Index for ESSEX was 120.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.529%.Applying this 24.529% change to the original purchase price of £190,000 results in an estimated price of approximately £236,604.
10 May 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
120.2 | 149.7 | 24.529 % | £190,000 | £46,604 | £236,604 |
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 | 1.876 % | £3,565 | £193,565 |
3 Month Average | 12.071 % | £22,934 | £212,934 |
6 Month Average | 13.136 % | £24,958 | £214,958 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
25 Apr 2024 | £226,971 | £225,000 | 12 CAVENDISH DRIVE |
19 Apr 2024 | £267,321 | £265,000 | 11 SHELLEY ROAD |
21 Sep 2023 | £398,791 | £390,000 | 510 ST JOHNS ROAD |
20 Sep 2023 | £122,705 | £120,000 | 71 MELTON CLOSE |
15 Jun 2023 | £255,112 | £250,000 | 15 CAVENDISH DRIVE |
This house has a floor area of 76 sq meters or 818 sq feet when measured on 24 Jan 2017. Using an estimated price of £236,605 means this house is valued at £3,113 per sq meter (£289 per sq foot).
The average size of a house on SHELLEY ROAD is 87 sq meters (945 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
May 2024 | Drugs | Local resolution | On or near Shelley Road |
May 2024 | Drugs | Local resolution | On or near Shelley Road |