£454,086
This estimated value is based upon the latest sale price for the house of £340,000 on 13 Jun 2016. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £340,000 | 13 Jun 2016 |
| £123,000 | 5 Sep 2001 |
| Detached |
| Freehold |
| Floor Area: 72 sq meters or 775 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 June 2016 the House Price Index for ESSEX was 111.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 33.555%.Applying this 33.555% change to the original purchase price of £340,000 results in an estimated price of approximately £454,086.
| 13 Jun 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 111.3 | 148.6 | 33.555 % | £340,000 | £114,086 | £454,086 |
The Postcode Pricing Model uses changes in average sales price within the SS5 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 | -66.340 % | £-225,555 | £114,444 |
| 3 Month Average | -5.641 % | £-19,179 | £320,820 |
| 6 Month Average | 15.107 % | £51,365 | £391,365 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Sep 2023 | £496,346 | £490,000 | 36 PARK GARDENS |
| 11 Aug 2023 | £426,229 | £422,500 | 50 PARK GARDENS |
| 15 Jun 2023 | £521,315 | £515,000 | 57 PARK GARDENS |
| 17 Apr 2023 | £449,844 | £445,000 | 45 HAWKWELL PARK DRIVE |
| 14 Mar 2023 | £524,946 | £520,000 | 48 PARK GARDENS |
This house has a floor area of 72 sq meters or 775 sq feet when measured on 29 Apr 2016. Using an estimated price of £454,087 means this house is valued at £6,306 per sq meter (£585 per sq foot).
The average size of a house on HAWKWELL PARK DRIVE is 114 sq meters (1,230 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Park Gardens |
| Mar 2024 | Vehicle crime | Under investigation | On or near Parking Area |
| Mar 2024 | Public order | Investigation complete; no suspect identified | On or near Parking Area |
| Feb 2024 | Public order | Unable to prosecute suspect | On or near Parking Area |
| Feb 2024 | Public order | Unable to prosecute suspect | On or near Parking Area |