£308,334
This estimated value is based upon the latest sale price for the house of £283,000 on 26 Nov 2021. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £283,000 | 26 Nov 2021 |
| £106,000 | 4 Sep 2002 |
| £53,000 | 5 Jan 1998 |
| Semi-Detached |
| Freehold |
| Floor Area: 80 sq meters or 861 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 November 2021 the House Price Index for ESSEX was 137.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 8.952%.Applying this 8.952% change to the original purchase price of £283,000 results in an estimated price of approximately £308,334.
| 26 Nov 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 137.4 | 149.7 | 8.952 % | £283,000 | £25,334 | £308,334 |
The Postcode Pricing Model uses changes in average sales price within the SS5 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 | 5.550 % | £15,705 | £298,705 |
| 3 Month Average | 5.724 % | £16,199 | £299,199 |
| 6 Month Average | -7.092 % | £-20,070 | £262,929 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 6 Mar 2024 | £406,242 | £400,000 | 221 RECTORY ROAD |
| 24 Nov 2023 | £256,511 | £250,000 | 8 RECTORY TERRACE |
| 20 Oct 2023 | £450,226 | £440,000 | INNISFREE IRONWELL LANE |
| 6 Oct 2023 | £342,785 | £335,000 | 297 RECTORY ROAD |
| 4 Sep 2023 | £398,791 | £390,000 | 299 RECTORY ROAD |
This house has a floor area of 80 sq meters or 861 sq feet when measured on 24 May 2021. Using an estimated price of £308,334 means this house is valued at £3,854 per sq meter (£358 per sq foot).
The average size of a house on RECTORY ROAD is 109 sq meters (1,178 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Rectory Road |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Christmas Tree Crescent |
| Jun 2024 | Violence and sexual offences | Action to be taken by another organisation | On or near Christmas Tree Crescent |
| May 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Christmas Tree Crescent |