£227,272
This estimated value is based upon the latest sale price for the house of £190,000 on 18 Sep 2020. This value is then adjusted by the current Official House Price Index for ESSEX 1
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Price Paid | Date |
---|---|
£190,000 | 18 Sep 2020 |
£141,000 | 31 Aug 2011 |
£49,995 | 20 May 1997 |
Semi-Detached |
Freehold |
Floor Area: 62 sq meters or 671 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 2020 the House Price Index for ESSEX was 125.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 19.617%.Applying this 19.617% change to the original purchase price of £190,000 results in an estimated price of approximately £227,272.
18 Sep 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
125.1 | 149.7 | 19.617 % | £190,000 | £37,272 | £227,272 |
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 | -32.607 % | £-61,954 | £128,045 |
3 Month Average | 6.868 % | £13,048 | £203,048 |
6 Month Average | 10.969 % | £20,840 | £210,840 |
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 |
20 Sep 2023 | £122,705 | £120,000 | 71 MELTON CLOSE |
15 Jun 2023 | £255,112 | £250,000 | 15 CAVENDISH DRIVE |
9 Feb 2023 | £357,387 | £355,000 | 23 CAVENDISH DRIVE |
This house has a floor area of 62 sq meters or 671 sq feet when measured on 17 Aug 2011. Using an estimated price of £227,272 means this house is valued at £3,642 per sq meter (£338 per sq foot).
The average size of a house on CAVENDISH DRIVE is 77 sq meters (833 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Cavendish Drive |
May 2024 | Drugs | Local resolution | On or near Shelley Road |
May 2024 | Drugs | Local resolution | On or near Shelley Road |
Jul 2024 | Criminal damage and arson | Under investigation | On or near Melton Close |
Jun 2024 | Violence and sexual offences | Under investigation | On or near Melton Close |