£300,005
This estimated value is based upon the latest sale price for the house of £217,000 on 22 Jan 2016. This value is then adjusted by the current Official House Price Index for ESSEX 1
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Price Paid | Date |
---|---|
£217,000 | 22 Jan 2016 |
Semi-Detached |
Freehold |
Floor Area: 90 sq meters or 968 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 January 2016 the House Price Index for ESSEX was 108.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 38.251%.Applying this 38.251% change to the original purchase price of £217,000 results in an estimated price of approximately £300,005.
22 Jan 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
108.3 | 149.7 | 38.251 % | £217,000 | £83,005 | £300,005 |
The Postcode Pricing Model uses changes in average sales price within the CO1 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 | -11.614 % | £-25,201 | £191,798 |
3 Month Average | 22.897 % | £49,686 | £266,686 |
6 Month Average | 27.932 % | £60,612 | £277,612 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
30 Apr 2024 | £383,329 | £380,000 | 5 KINGS HEAD COURT |
28 Jun 2023 | £252,561 | £247,500 | 55 COWDRAY AVENUE |
28 Mar 2023 | £215,092 | £211,500 | 29 ALBERT STREET |
24 Mar 2023 | £256,280 | £252,000 | 31 MARGARET ROAD |
28 Jul 2022 | £303,036 | £300,000 | 29 MERCERS WAY |
This house has a floor area of 90 sq meters or 968 sq feet when measured on 6 Sep 2013. Using an estimated price of £300,005 means this house is valued at £3,333 per sq meter (£309 per sq foot).
The average size of a house on MERCERS WAY is 94 sq meters (1,020 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Kings Head Court |
Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Kings Head Court |
Jul 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Serpentine Walk |
Jul 2024 | Violence and sexual offences | Action to be taken by another organisation | On or near Margaret Road |
Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Margaret Road |