£350,444
This estimated value is based upon the latest sale price for the house of £225,000 on 30 May 2014. This value is then adjusted by the current Official House Price Index for ESSEX 1
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Price Paid | Date |
---|---|
£225,000 | 30 May 2014 |
£209,000 | 6 Aug 2004 |
Detached |
Freehold |
Floor Area: 128 sq meters or 1,377 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 May 2014 the House Price Index for ESSEX was 96.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 55.753%.Applying this 55.753% change to the original purchase price of £225,000 results in an estimated price of approximately £350,444.
30 May 2014 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
96.1 | 149.7 | 55.753 % | £225,000 | £125,444 | £350,444 |
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 | 40.841 % | £91,892 | £316,892 |
3 Month Average | 44.117 % | £99,262 | £324,262 |
6 Month Average | 52.681 % | £118,531 | £343,531 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
2 Nov 2023 | £169,297 | £165,000 | 5 ROOKWOOD CLOSE |
22 Jun 2023 | £306,135 | £300,000 | 15 RICHARDS WALK |
2 Jun 2023 | £344,402 | £337,500 | 27 SHERIFFS WAY |
23 Feb 2023 | £296,984 | £295,000 | 1 HUNTINGDON WAY |
8 Apr 2022 | £317,451 | £306,000 | 4 SHERIFFS WAY |
This house has a floor area of 128 sq meters or 1,377 sq feet when measured on 15 Oct 2013. Using an estimated price of £350,445 means this house is valued at £2,737 per sq meter (£254 per sq foot).
The average size of a house on RAYCLIFF AVENUE is 108 sq meters (1,168 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jul 2024 | Anti-social behaviour | On or near Rookwood Close | |
Jun 2024 | Other theft | Unable to prosecute suspect | On or near Rookwood Close |
Jun 2024 | Anti-social behaviour | On or near Petrol Station | |
Apr 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Petrol Station |
Apr 2024 | Anti-social behaviour | On or near Petrol Station |