£396,232
This estimated value is based upon the latest sale price for the house of £365,000 on 6 Sep 2021. This value is then adjusted by the current Official House Price Index for ESSEX 1
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Price Paid | Date |
---|---|
£365,000 | 6 Sep 2021 |
£235,000 | 19 Aug 2015 |
£235,000 | 19 Aug 2015 |
£184,995 | 28 Feb 2003 |
Detached |
Freehold |
Floor Area: 126 sq meters or 1,356 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 September 2021 the House Price Index for ESSEX was 137.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 8.557%.Applying this 8.557% change to the original purchase price of £365,000 results in an estimated price of approximately £396,232.
6 Sep 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
137.9 | 149.7 | 8.557 % | £365,000 | £31,232 | £396,232 |
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 | -6.575 % | £-23,997 | £341,002 |
3 Month Average | 9.606 % | £35,061 | £400,061 |
6 Month Average | -4.347 % | £-15,866 | £349,133 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
25 Apr 2024 | £226,971 | £225,000 | 12 CAVENDISH DRIVE |
19 Apr 2024 | £267,321 | £265,000 | 11 SHELLEY ROAD |
21 Sep 2023 | £398,791 | £390,000 | 510 ST JOHNS ROAD |
20 Sep 2023 | £122,705 | £120,000 | 71 MELTON CLOSE |
15 Jun 2023 | £255,112 | £250,000 | 15 CAVENDISH DRIVE |
This house has a floor area of 126 sq meters or 1,356 sq feet when measured on 20 Apr 2015. Using an estimated price of £396,233 means this house is valued at £3,144 per sq meter (£292 per sq foot).
The average size of a house on SHELLEY ROAD is 87 sq meters (945 sq feet).
This house is the largest in the street with a floor area of 126 sq meters (1,356 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
May 2024 | Drugs | Local resolution | On or near Shelley Road |
May 2024 | Drugs | Local resolution | On or near Shelley Road |