£274,881
This estimated value is based upon the latest sale price for the house of £220,000 on 26 Feb 2018. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £220,000 | 26 Feb 2018 |
| Detached |
| Freehold |
| Floor Area: 77 sq meters or 828 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 February 2018 the House Price Index for ESSEX was 118.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 24.946%.Applying this 24.946% change to the original purchase price of £220,000 results in an estimated price of approximately £274,881.
| 26 Feb 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 118.9 | 148.6 | 24.946 % | £220,000 | £54,881 | £274,881 |
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 | 35.201 % | £77,443 | £297,443 |
| 3 Month Average | 12.085 % | £26,586 | £246,586 |
| 6 Month Average | 2.383 % | £5,243 | £225,243 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Sep 2023 | £121,554 | £120,000 | 71 MELTON CLOSE |
| 15 Jun 2023 | £253,065 | £250,000 | 15 CAVENDISH DRIVE |
| 9 Feb 2023 | £354,761 | £355,000 | 23 CAVENDISH DRIVE |
| 24 Jun 2022 | £253,584 | £250,000 | 1 CLARE WAY |
| 20 Jun 2022 | £243,435 | £239,995 | 27 CAVENDISH DRIVE |
This house has a floor area of 77 sq meters or 828 sq feet when measured on 6 Nov 2017. Using an estimated price of £274,881 means this house is valued at £3,569 per sq meter (£331 per sq foot).
The average size of a house on SOUTHWOLD WAY is 85 sq meters (922 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Wordsworth Way |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Wordsworth Way |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Cavendish Drive |