£294,362
This estimated value is based upon the latest sale price for the house of £203,000 on 20 Jul 2015. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £203,000 | 20 Jul 2015 |
| £182,000 | 5 Aug 2005 |
| Detached |
| Freehold |
| Floor Area: 79 sq meters or 850 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 2015 the House Price Index for ESSEX was 103.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 45.006%.Applying this 45.006% change to the original purchase price of £203,000 results in an estimated price of approximately £294,362.
| 20 Jul 2015 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 103.2 | 149.7 | 45.006 % | £203,000 | £91,362 | £294,362 |
The Postcode Pricing Model uses changes in average sales price within the CO16 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 | 38.265 % | £77,677 | £280,677 |
| 3 Month Average | 39.786 % | £80,765 | £283,765 |
| 6 Month Average | 40.585 % | £82,387 | £285,387 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 May 2024 | £275,000 | £275,000 | 1 BURGATE CLOSE |
| 20 Sep 2023 | £265,861 | £260,000 | 26 SUDBOURNE AVENUE |
| 25 Apr 2023 | £22,419 | £22,000 | PLOT 21 JAYWICK LANE |
| 21 Oct 2022 | £316,443 | £317,500 | 2 HAWKENDON ROAD |
| 29 Apr 2022 | £259,355 | £250,000 | 7 SNAPE CLOSE |
This house has a floor area of 79 sq meters or 850 sq feet when measured on 27 Apr 2015. Using an estimated price of £294,362 means this house is valued at £3,726 per sq meter (£346 per sq foot).
The average size of a house on RISBY CLOSE is 79 sq meters (857 sq feet).
This house is the largest in the street with a floor area of 79 sq meters (850 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Anti-social behaviour | On or near Risby Close | |
| Jul 2024 | Public order | Under investigation | On or near Risby Close |
| Jun 2024 | Violence and sexual offences | Under investigation | On or near Linstead Close |
| Jun 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Bretten Close |
| Apr 2024 | Anti-social behaviour | On or near Bretten Close |