£585,533
This estimated value is based upon the latest sale price for the house of £457,000 on 19 Jun 2017. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £457,000 | 19 Jun 2017 |
| £320,000 | 2 May 2014 |
| £245,000 | 19 Sep 2003 |
| Detached |
| Freehold |
| Floor Area: 208 sq meters or 2,238 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 2017 the House Price Index for ESSEX was 116.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 28.126%.Applying this 28.126% change to the original purchase price of £457,000 results in an estimated price of approximately £585,533.
| 19 Jun 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 116.0 | 148.6 | 28.126 % | £457,000 | £128,533 | £585,533 |
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 | 27.291 % | £124,719 | £581,719 |
| 3 Month Average | 18.142 % | £82,909 | £539,909 |
| 6 Month Average | 15.829 % | £72,338 | £529,338 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 22 Sep 2023 | £192,461 | £190,000 | FLAT 29 CROSSLEY VIEW MARINE PARADE EAST |
| 30 Jun 2023 | £632,664 | £625,000 | 20 LANCASTER GARDENS EAST |
| 5 Apr 2023 | £535,769 | £530,000 | 25 LANCASTER GARDENS WEST |
| 19 Oct 2022 | £156,317 | £158,000 | FLAT 27 CROSSLEY VIEW MARINE PARADE EAST |
| 29 Jun 2022 | £395,590 | £390,000 | 17 VICTORIA ROAD |
This house has a floor area of 208 sq meters or 2,238 sq feet when measured on 14 Jun 2013. Using an estimated price of £585,534 means this house is valued at £2,815 per sq meter (£261 per sq foot).
The average size of a house on LANCASTER GARDENS WEST is 150 sq meters (1,618 sq feet).
This house is the largest in the street with a floor area of 208 sq meters (2,238 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Lancaster Gardens West |
| Apr 2024 | Anti-social behaviour | On or near Lancaster Gardens West | |
| Mar 2024 | Public order | Unable to prosecute suspect | On or near Lancaster Gardens West |
| Mar 2024 | Criminal damage and arson | Action to be taken by another organisation | On or near Lancaster Gardens West |
| Mar 2024 | Violence and sexual offences | Action to be taken by another organisation | On or near Lancaster Gardens West |