£240,596
This estimated value is based upon the latest sale price for the house of £171,500 on 30 Nov 2015. This value is then adjusted by the current Official House Price Index for ESSEX 1
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Price Paid | Date |
---|---|
£171,500 | 30 Nov 2015 |
Detached |
Freehold |
Floor Area: 66 sq meters or 710 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 2015 the House Price Index for ESSEX was 106.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 40.289%.Applying this 40.289% change to the original purchase price of £171,500 results in an estimated price of approximately £240,596.
30 Nov 2015 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
106.7 | 149.7 | 40.289 % | £171,500 | £69,096 | £240,596 |
The Postcode Pricing Model uses changes in average sales price within the CO15 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 | 13.972 % | £23,961 | £195,461 |
3 Month Average | 29.206 % | £50,088 | £221,588 |
6 Month Average | 39.257 % | £67,326 | £238,826 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
3 Nov 2023 | £225,730 | £220,000 | 15 HEATHER CLOSE |
29 Sep 2023 | £352,777 | £345,000 | 29 GORSE LANE |
15 Sep 2023 | £465,256 | £455,000 | 21 GORSE LANE |
6 May 2022 | £266,955 | £260,000 | 6 BRUNEL ROAD |
25 Apr 2022 | £197,110 | £190,000 | UNIT 8 BRUNEL UNITS BRUNEL ROAD |
This house has a floor area of 66 sq meters or 710 sq feet when measured on 14 Apr 2015. Using an estimated price of £240,596 means this house is valued at £3,645 per sq meter (£338 per sq foot).
The average size of a house on GORSE LANE is 107 sq meters (1,152 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jul 2024 | Drugs | Under investigation | On or near Wilson Court |
Jun 2024 | Other theft | Investigation complete; no suspect identified | On or near Wilson Court |
Jun 2024 | Violence and sexual offences | Under investigation | On or near Wilson Court |
Apr 2024 | Other theft | Investigation complete; no suspect identified | On or near Wilson Court |
Jun 2024 | Other theft | Investigation complete; no suspect identified | On or near Brunel Road |