£173,685
This estimated value is based upon the latest sale price for the house of £119,000 on 29 May 2015. This value is then adjusted by the current Official House Price Index for ESSEX 1
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Price Paid | Date |
---|---|
£119,000 | 29 May 2015 |
£105,000 | 8 Feb 2013 |
Terraced |
Freehold |
Floor Area: 83 sq meters or 900 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 Mar 2024 is 148.6 which is a change of 45.954%.Applying this 45.954% change to the original purchase price of £119,000 results in an estimated price of approximately £173,685.
29 May 2015 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
101.8 | 148.6 | 45.954 % | £119,000 | £54,685 | £173,685 |
The Postcode Pricing Model uses changes in average sales price within the CO12 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 | 23.731 % | £28,240 | £147,240 |
3 Month Average | 23.776 % | £28,293 | £147,293 |
6 Month Average | 36.501 % | £43,436 | £162,436 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
8 Aug 2023 | £161,412 | £160,000 | 15 EMPIRE ROAD |
29 Mar 2023 | £164,046 | £162,500 | 22 HORDLE STREET |
9 Aug 2022 | £144,611 | £145,000 | FIRST FLOOR FLAT 3 CLIFF ROAD |
17 Jan 2022 | £94,717 | £90,000 | FLAT 4, 179 HIGH STREET |
13 Dec 2021 | £117,851 | £110,000 | 11 HORDLE STREET |
This house has a floor area of 83 sq meters or 900 sq feet when measured on 14 Jun 2011. Using an estimated price of £173,685 means this house is valued at £2,076 per sq meter (£192 per sq foot).
The average size of a house on EMPIRE ROAD is 85 sq meters (916 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Mill Lane |
Apr 2024 | Anti-social behaviour | On or near Mill Lane | |
Apr 2024 | Vehicle crime | Unable to prosecute suspect | On or near Empire Road |
Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Empire Road |
Mar 2024 | Burglary | Under investigation | On or near Empire Road |