£245,858
This estimated value is based upon the latest sale price for the house of £47,000 on 30 Apr 1997. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £47,000 | 30 Apr 1997 |
| Terraced |
| Freehold |
| Floor Area: 39 sq meters or 425 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 April 1997 the House Price Index for ESSEX was 28.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 423.104%.Applying this 423.104% change to the original purchase price of £47,000 results in an estimated price of approximately £245,858.
| 30 Apr 1997 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 28.4 | 148.6 | 423.104 % | £47,000 | £198,858 | £245,858 |
The Postcode Pricing Model uses changes in average sales price within the CO14 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 | 452.130 % | £212,500 | £259,500 |
| 3 Month Average | 551.299 % | £259,110 | £306,110 |
| 6 Month Average | 492.441 % | £231,447 | £278,447 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Jul 2023 | £283,820 | £280,000 | 149 WALTON ROAD |
| 14 Jul 2023 | £283,769 | £279,950 | 6 LUMBER LEYS |
| 30 Jun 2023 | £265,719 | £262,500 | 145 WALTON ROAD |
| 10 Feb 2023 | £274,815 | £275,000 | 31 NORWOOD WAY |
| 18 Jan 2023 | £273,711 | £275,000 | 26 CEDAR CLOSE |
This house has a floor area of 39 sq meters or 425 sq feet when measured on 2 Jun 2011. Using an estimated price of £245,859 means this house is valued at £6,224 per sq meter (£578 per sq foot).
The average size of a house on CEDAR CLOSE is 77 sq meters (838 sq feet).
This house is the smallest in the street with a floor area of 39 sq meters (425 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Drugs | Local resolution | On or near B1336 |
| Apr 2024 | Drugs | Under investigation | On or near B1336 |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near B1336 |
| Jan 2024 | Drugs | Local resolution | On or near B1336 |
| Mar 2024 | Public order | Further action is not in the public interest | On or near Rochford Way |