£179,851
This estimated value is based upon the latest sale price for the house of £104,000 on 31 Aug 2006. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £104,000 | 31 Aug 2006 |
| £87,500 | 23 Apr 2004 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 37 sq meters or 398 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 August 2006 the House Price Index for ESSEX was 86.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 72.934%.Applying this 72.934% change to the original purchase price of £104,000 results in an estimated price of approximately £179,851.
| 31 Aug 2006 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.6 | 149.7 | 72.934 % | £104,000 | £75,851 | £179,851 |
The Postcode Pricing Model uses changes in average sales price within the CO1 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 | 5.280 % | £5,491 | £109,491 |
| 3 Month Average | 53.576 % | £55,719 | £159,719 |
| 6 Month Average | 51.123 % | £53,168 | £157,168 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 27 Sep 2023 | £92,029 | £90,000 | 86 NICHOLSONS GROVE |
| 26 Sep 2023 | £173,832 | £170,000 | 36 NICHOLSONS GROVE |
| 31 Aug 2023 | £129,842 | £127,500 | 81 NICHOLSONS GROVE |
| 10 Mar 2023 | £150,005 | £147,500 | 60 NICHOLSONS GROVE |
| 6 Sep 2022 | £162,392 | £162,500 | 8 NICHOLSONS GROVE |
This house has a floor area of 37 sq meters or 398 sq feet when measured on 24 Jan 2019. Using an estimated price of £179,852 means this house is valued at £4,860 per sq meter (£451 per sq foot).
The average size of a house on NICHOLSONS GROVE is 45 sq meters (485 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Childwell Alley |