£166,937
This estimated value is based upon the latest sale price for the house of £124,995 on 17 Jun 2016. This value is then adjusted by the current Official House Price Index for ESSEX 1
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Price Paid | Date |
---|---|
£124,995 | 17 Jun 2016 |
£118,000 | 19 Nov 2004 |
Flats/Maisonettes |
Leasehold |
Floor Area: 48 sq meters or 516 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 June 2016 the House Price Index for ESSEX was 111.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 33.555%.Applying this 33.555% change to the original purchase price of £124,995 results in an estimated price of approximately £166,937.
17 Jun 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
111.3 | 148.6 | 33.555 % | £124,995 | £41,942 | £166,937 |
The Postcode Pricing Model uses changes in average sales price within the CO15 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 | 25.825 % | £32,280 | £157,275 |
3 Month Average | 29.258 % | £36,571 | £161,566 |
6 Month Average | 37.529 % | £46,909 | £171,904 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
11 Dec 2023 | £402,034 | £395,000 | 18 WEST ROAD |
26 Jun 2023 | £138,680 | £137,000 | FLAT 53 MARINA POINT WEST ROAD |
2 Jun 2023 | £91,057 | £89,954 | FLAT 55 MARINA POINT WEST ROAD |
5 Apr 2023 | £160,731 | £159,000 | FLAT 18 MARINA POINT WEST ROAD |
24 Feb 2023 | £153,896 | £154,000 | 12 SPINNAKER CLOSE |
This house has a floor area of 48 sq meters or 516 sq feet when measured on 16 Jun 2020. Using an estimated price of £166,937 means this house is valued at £3,477 per sq meter (£323 per sq foot).
The average size of a house on SPINNAKER CLOSE is 55 sq meters (598 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Apr 2024 | Violence and sexual offences | Under investigation | On or near Parking Area |
Apr 2024 | Violence and sexual offences | Under investigation | On or near Parking Area |
Apr 2024 | Shoplifting | Under investigation | On or near Parking Area |
Apr 2024 | Public order | Under investigation | On or near Parking Area |
Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Parking Area |