£274,430
This estimated value is based upon the latest sale price for the house of £177,500 on 16 May 2014. This value is then adjusted by the current Official House Price Index for ESSEX 1
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Head Office, 1 Acorn Mews, Harlow, CM18 6NA
Phone: 01279246719
| Price Paid | Date |
|---|---|
| £177,500 | 16 May 2014 |
| £134,000 | 20 Sep 2005 |
| Terraced |
| Freehold |
| Floor Area: 82 sq meters or 882 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 2014 the House Price Index for ESSEX was 96.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 54.609%.Applying this 54.609% change to the original purchase price of £177,500 results in an estimated price of approximately £274,430.
| 16 May 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 96.1 | 148.6 | 54.609 % | £177,500 | £96,930 | £274,430 |
The Postcode Pricing Model uses changes in average sales price within the CM18 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 | 208.939 % | £370,866 | £548,366 |
| 3 Month Average | 58.017 % | £102,979 | £280,479 |
| 6 Month Average | 62.811 % | £111,488 | £288,988 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 23 Nov 2023 | £191,333 | £188,500 | 155 LONG BANKS |
| 31 Aug 2023 | £191,677 | £190,000 | FLAT 16 GIBSON COURT BISHOPSFIELD |
| 2 Jun 2023 | £293,556 | £290,000 | 152 BISHOPSFIELD |
| 14 Apr 2023 | £267,884 | £265,000 | 178 BISHOPSFIELD |
| 29 Mar 2023 | £176,664 | £175,000 | 147 LONG BANKS |
This house has a floor area of 82 sq meters or 882 sq feet when measured on 21 Feb 2014. Using an estimated price of £274,431 means this house is valued at £3,346 per sq meter (£310 per sq foot).
The average size of a house on BISHOPSFIELD is 75 sq meters (817 sq feet).