£227,857
This estimated value is based upon the latest sale price for the house of £120,000 on 15 Oct 2004. This value is then adjusted by the current Official House Price Index for ESSEX 1
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Price Paid | Date |
---|---|
£120,000 | 15 Oct 2004 |
£65,000 | 31 Jan 2002 |
£18,500 | 12 Dec 1997 |
Terraced |
Freehold |
Floor Area: 114 sq meters or 1,233 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 October 2004 the House Price Index for ESSEX was 78.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 89.881%.Applying this 89.881% change to the original purchase price of £120,000 results in an estimated price of approximately £227,857.
15 Oct 2004 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
78.3 | 148.6 | 89.881 % | £120,000 | £107,857 | £227,857 |
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 | 38.158 % | £45,789 | £165,789 |
3 Month Average | 51.992 % | £62,389 | £182,389 |
6 Month Average | 53.579 % | £64,295 | £184,295 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
17 Mar 2023 | £181,712 | £180,000 | 10 LEE ROAD |
17 Nov 2022 | £163,025 | £165,000 | 53 OAKLAND ROAD |
9 May 2022 | £244,609 | £240,000 | 57 OAKLAND ROAD |
22 Apr 2022 | £437,665 | £425,000 | LYNDHURST OAKLAND ROAD |
20 Dec 2021 | £235,703 | £220,000 | 24 OAKLAND ROAD |
This house has a floor area of 114 sq meters or 1,233 sq feet when measured on 28 Sep 2011. Using an estimated price of £227,857 means this house is valued at £1,988 per sq meter (£184 per sq foot).
The average size of a house on LEE ROAD is 97 sq meters (1,047 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Apr 2024 | Public order | Under investigation | On or near Oakland Road |
Apr 2024 | Violence and sexual offences | Under investigation | On or near Oakland Road |
Mar 2024 | Public order | Unable to prosecute suspect | On or near Oakland Road |
Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Oakland Road |
Apr 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near First Avenue |