£287,246
This estimated value is based upon the latest sale price for the house of £188,000 on 18 Jul 2014. This value is then adjusted by the current Official House Price Index for ESSEX 1
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20 Bank Street, Braintree, CM7 1UP
Phone: 01376538236
Price Paid | Date |
---|---|
£188,000 | 18 Jul 2014 |
£163,500 | 25 May 2012 |
£150,000 | 24 Oct 2005 |
£51,000 | 12 Nov 1998 |
£44,500 | 15 Sep 1995 |
Terraced |
Freehold |
Floor Area: 75 sq meters or 811 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 2014 the House Price Index for ESSEX was 97.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 52.790%.Applying this 52.790% change to the original purchase price of £188,000 results in an estimated price of approximately £287,246.
18 Jul 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
97.3 | 148.6 | 52.790 % | £188,000 | £99,246 | £287,246 |
The Postcode Pricing Model uses changes in average sales price within the CM7 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 | 33.641 % | £63,244 | £251,244 |
3 Month Average | 42.188 % | £79,314 | £267,314 |
6 Month Average | 45.450 % | £85,445 | £273,445 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
28 Jul 2023 | £167,251 | £165,000 | FLAT 4 VALENTINES COURT LANCASTER WAY |
24 Jul 2023 | £248,342 | £245,000 | 21 ALEXANDER ROAD |
9 Feb 2023 | £299,798 | £300,000 | 44 ARNHEM GROVE |
5 Jan 2023 | £273,711 | £275,000 | 27 ALEXANDER ROAD |
10 Dec 2021 | £307,485 | £287,000 | 6 GILCHRIST WAY |
This house has a floor area of 75 sq meters or 811 sq feet when measured on 29 Oct 2011. Using an estimated price of £287,246 means this house is valued at £3,809 per sq meter (£353 per sq foot).
The average size of a house on LANCASTER WAY is 68 sq meters (736 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Apr 2024 | Vehicle crime | Under investigation | On or near Millam Way |
Mar 2024 | Violence and sexual offences | Under investigation | On or near Millam Way |
Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Millam Way |
Feb 2024 | Anti-social behaviour | On or near Millam Way | |
Feb 2024 | Anti-social behaviour | On or near Millam Way |