£249,946
This estimated value is based upon the latest sale price for the house of £237,500 on 28 Jan 2022. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £237,500 | 28 Jan 2022 |
| £183,000 | 18 Dec 2020 |
| £130,000 | 21 Dec 2006 |
| £122,000 | 27 Nov 2006 |
| £116,000 | 16 Oct 2006 |
| Terraced |
| Freehold |
| Floor Area: 97 sq meters or 1,044 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 January 2022 the House Price Index for ESSEX was 141.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 5.241%.Applying this 5.241% change to the original purchase price of £237,500 results in an estimated price of approximately £249,946.
| 28 Jan 2022 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 141.2 | 148.6 | 5.241 % | £237,500 | £12,446 | £249,946 |
The Postcode Pricing Model uses changes in average sales price within the CO12 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 | -12.591 % | £-29,903 | £207,596 |
| 3 Month Average | -5.655 % | £-13,430 | £224,069 |
| 6 Month Average | -0.422 % | £-1,002 | £236,497 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 5 Mar 2024 | £235,000 | £235,000 | 31 THIRD AVENUE |
| 1 Sep 2023 | £238,044 | £235,000 | 8 LANGLEY CLOSE |
| 26 Jan 2023 | £263,758 | £265,000 | 78 LEE ROAD |
| 16 Nov 2022 | £239,598 | £242,500 | 25 ELMHURST ROAD |
| 30 Aug 2022 | £249,329 | £250,000 | 72 LEE ROAD |
This house has a floor area of 97 sq meters or 1,044 sq feet when measured on 1 Jul 2020. Using an estimated price of £249,947 means this house is valued at £2,576 per sq meter (£239 per sq foot).
The average size of a house on ELMHURST ROAD is 143 sq meters (1,543 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Violence and sexual offences | Action to be taken by another organisation | On or near Shopping Area |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Shopping Area |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Third Avenue |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Third Avenue |
| Jan 2024 | Violence and sexual offences | Action to be taken by another organisation | On or near Third Avenue |