£275,464
This estimated value is based upon the latest sale price for the house of £223,000 on 25 Feb 2019. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £223,000 | 25 Feb 2019 |
| £150,000 | 24 Oct 2008 |
| £139,995 | 7 Nov 2003 |
| Terraced |
| 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 2019 the House Price Index for ESSEX was 120.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.527%.Applying this 23.527% change to the original purchase price of £223,000 results in an estimated price of approximately £275,464.
| 25 Feb 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.3 | 148.6 | 23.527 % | £223,000 | £52,464 | £275,464 |
The Postcode Pricing Model uses changes in average sales price within the CO4 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 | 18.800 % | £41,922 | £264,922 |
| 3 Month Average | 13.133 % | £29,287 | £252,287 |
| 6 Month Average | 10.941 % | £24,399 | £247,399 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 2 Nov 2023 | £203,005 | £200,000 | 1 BROCKENHURST COURT REDWOOD CLOSE |
| 14 Sep 2023 | £339,339 | £335,000 | 16 REDWOOD CLOSE |
| 3 Feb 2023 | £324,781 | £325,000 | 9 WOODSIDE CLOSE |
| 17 Jun 2022 | £268,799 | £265,000 | 299 HARWICH ROAD |
| 6 May 2022 | £362,021 | £355,200 | 348 HARWICH ROAD |
This house has a floor area of 77 sq meters or 828 sq feet when measured on 29 Oct 2018. Using an estimated price of £275,465 means this house is valued at £3,577 per sq meter (£332 per sq foot).
The average size of a house on REDWOOD CLOSE is 82 sq meters (892 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Awaiting court outcome | On or near Laburnum Grove |
| Feb 2024 | Other crime | Unable to prosecute suspect | On or near Laburnum Grove |
| Feb 2024 | Violence and sexual offences | Awaiting court outcome | On or near Patmore Road |
| Mar 2024 | Public order | Under investigation | On or near Linden Close |
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Linden Close |