£400,664
This estimated value is based upon the latest sale price for the house of £300,000 on 15 Jun 2016. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £300,000 | 15 Jun 2016 |
| Detached |
| Freehold |
| Floor Area: 173 sq meters or 1,862 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 £300,000 results in an estimated price of approximately £400,664.
| 15 Jun 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 111.3 | 148.6 | 33.555 % | £300,000 | £100,664 | £400,664 |
The Postcode Pricing Model uses changes in average sales price within the SS8 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 | 43.700 % | £131,099 | £431,099 |
| 3 Month Average | 40.105 % | £120,316 | £420,316 |
| 6 Month Average | 40.591 % | £121,774 | £421,774 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 14 Dec 2023 | £458,014 | £450,000 | 28 THE PARKWAY |
| 6 Jul 2023 | £385,184 | £380,000 | 50 THE DRIVEWAY |
| 30 Jun 2023 | £306,209 | £302,500 | 7 THE AVENUE |
| 30 Jun 2023 | £541,560 | £535,000 | 10 THE AVENUE |
| 31 Mar 2022 | £383,417 | £370,000 | 6 JESMOND ROAD |
This house has a floor area of 173 sq meters or 1,862 sq feet when measured on 24 Jan 2017. Using an estimated price of £400,665 means this house is valued at £2,315 per sq meter (£215 per sq foot).
The average size of a house on JESMOND ROAD is 145 sq meters (1,562 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Drugs | Under investigation | On or near Thorp Leas |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Leigh Road |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Leigh Road |
| Mar 2024 | Other crime | Further action is not in the public interest | On or near Sports/Recreation Area |
| Mar 2024 | Burglary | Investigation complete; no suspect identified | On or near Sports/Recreation Area |