£293,771
This estimated value is based upon the latest sale price for the house of £245,000 on 21 Aug 2020. This value is then adjusted by the current Official House Price Index for ESSEX 1
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Price Paid | Date |
---|---|
£245,000 | 21 Aug 2020 |
£158,000 | 3 Nov 2006 |
£82,500 | 24 Oct 2001 |
Semi-Detached |
Freehold |
Floor Area: 91 sq meters or 984 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 August 2020 the House Price Index for ESSEX was 123.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 19.907%.Applying this 19.907% change to the original purchase price of £245,000 results in an estimated price of approximately £293,771.
21 Aug 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
123.9 | 148.6 | 19.907 % | £245,000 | £48,771 | £293,771 |
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 | 49.995 % | £122,487 | £367,487 |
3 Month Average | 7.945 % | £19,464 | £264,464 |
6 Month Average | 13.136 % | £32,182 | £277,182 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
30 Nov 2023 | £268,982 | £265,000 | 18 MUNNINGS DRIVE |
18 Jul 2023 | £304,093 | £300,000 | 26 CROME ROAD |
14 Jun 2023 | £255,090 | £252,000 | 20 COTMAN ROAD |
28 Apr 2023 | £323,483 | £320,000 | 43 CONSTABLE AVENUE |
19 Aug 2022 | £249,329 | £250,000 | 3 ROMNEY CLOSE |
This house has a floor area of 91 sq meters or 984 sq feet when measured on 16 Mar 2012. Using an estimated price of £293,771 means this house is valued at £3,210 per sq meter (£298 per sq foot).
The average size of a house on MUNNINGS DRIVE is 88 sq meters (952 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Mar 2024 | Violence and sexual offences | Offender given a caution | On or near Munnings Drive |
Apr 2024 | Public order | Under investigation | On or near Bright Close |
Apr 2024 | Violence and sexual offences | Under investigation | On or near Stanmore Close |
Mar 2024 | Violence and sexual offences | Under investigation | On or near Stanmore Close |
Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Stanmore Close |