£434,930
This estimated value is based upon the latest sale price for the house of £345,000 on 2 Nov 2017. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £345,000 | 2 Nov 2017 |
| £100,000 | 12 Dec 2005 |
| Detached |
| Freehold |
| Floor Area: 56 sq meters or 609 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 November 2017 the House Price Index for ESSEX was 117.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 26.067%.Applying this 26.067% change to the original purchase price of £345,000 results in an estimated price of approximately £434,930.
| 2 Nov 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 117.9 | 148.6 | 26.067 % | £345,000 | £89,930 | £434,930 |
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 | -5.608 % | £-19,346 | £325,653 |
| 3 Month Average | 5.438 % | £18,762 | £363,762 |
| 6 Month Average | 6.418 % | £22,142 | £367,142 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Dec 2023 | £193,384 | £190,000 | 17 NELSON ROAD |
| 30 Jun 2023 | £293,556 | £290,000 | PATTRICKS HOUSE PATTRICKS LANE |
| 31 Mar 2023 | £193,826 | £192,000 | 288 HIGH STREET |
| 29 Jul 2022 | £25,067 | £25,000 | 274 HIGH STREET |
| 28 Jul 2022 | £90,243 | £90,000 | 268 HIGH STREET |
This house has a floor area of 56 sq meters or 609 sq feet when measured on 27 Oct 2008. Using an estimated price of £434,931 means this house is valued at £7,680 per sq meter (£713 per sq foot).
The average size of a house on STATION LANE is 116 sq meters (1,253 sq feet).
This house is the smallest in the street with a floor area of 56 sq meters (609 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Anti-social behaviour | On or near Station Lane | |
| Mar 2024 | Anti-social behaviour | On or near Station Lane | |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Station Lane |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Station Lane |
| Apr 2024 | Public order | Under investigation | On or near Paddock Close |