£511,889
This estimated value is based upon the latest sale price for the house of £505,000 on 14 Jul 2023. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £505,000 | 14 Jul 2023 |
| £390,000 | 19 Feb 2019 |
| £375,000 | 27 Jul 2016 |
| £175,000 | 5 Dec 2008 |
| Detached |
| Freehold |
| Floor Area: 95 sq meters or 1,022 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 July 2023 the House Price Index for ESSEX was 146.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 1.364%.Applying this 1.364% change to the original purchase price of £505,000 results in an estimated price of approximately £511,889.
| 14 Jul 2023 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.6 | 148.6 | 1.364 % | £505,000 | £6,889 | £511,889 |
The Postcode Pricing Model uses changes in average sales price within the CO1 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 | -34.127 % | £-172,342 | £332,657 |
| 3 Month Average | -16.365 % | £-82,643 | £422,356 |
| 6 Month Average | -10.511 % | £-53,082 | £451,917 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Dec 2023 | £391,856 | £385,000 | 24 ROMAN ROAD |
| 25 Aug 2023 | £292,559 | £290,000 | 76 ROMAN ROAD |
| 26 Jul 2023 | £354,775 | £350,000 | 27 CASTLE ROAD |
| 14 Jul 2023 | £511,889 | £505,000 | 25 CASTLE ROAD |
| 15 Jun 2023 | £529,413 | £523,000 | 49 ROMAN ROAD |
This house has a floor area of 95 sq meters or 1,022 sq feet when measured on 20 Sep 2018. Using an estimated price of £511,889 means this house is valued at £5,388 per sq meter (£500 per sq foot).
The average size of a house on CASTLE ROAD is 90 sq meters (971 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Castle Road |
| Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Castle Road |
| Feb 2024 | Other theft | Investigation complete; no suspect identified | On or near Roman Road |
| Apr 2024 | Vehicle crime | Under investigation | On or near Parking Area |
| Apr 2024 | Public order | Under investigation | On or near Parking Area |