£607,440
This estimated value is based upon the latest sale price for the house of £490,000 on 2 Aug 2019. This value is then adjusted by the current Official House Price Index for ESSEX 1
Get our free house price tracker.
| Price Paid | Date |
|---|---|
| £490,000 | 2 Aug 2019 |
| £365,000 | 13 Oct 2017 |
| Terraced |
| Freehold |
| Floor Area: 150 sq meters or 1,614 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 August 2019 the House Price Index for ESSEX was 120.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 23.967%.Applying this 23.967% change to the original purchase price of £490,000 results in an estimated price of approximately £607,440.
| 2 Aug 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.8 | 149.7 | 23.967 % | £490,000 | £117,440 | £607,440 |
The Postcode Pricing Model uses changes in average sales price within the SS4 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 | 9.979 % | £48,895 | £538,895 |
| 3 Month Average | -7.757 % | £-38,008 | £451,991 |
| 6 Month Average | -5.818 % | £-28,509 | £461,490 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Apr 2024 | £78,683 | £78,000 | 8B SOUTH STREET |
| 17 Nov 2023 | £220,600 | £215,000 | 38 NORTH STREET |
| 23 Jun 2023 | £188,783 | £185,000 | FLAT 5 ELIZABETH HOUSE LOCKS HILL |
| 13 Feb 2023 | £191,278 | £190,000 | FLAT 10 ELIZABETH HOUSE LOCKS HILL |
| 3 Aug 2022 | £376,762 | £375,000 | 36 NORTH STREET |
This house has a floor area of 150 sq meters or 1,614 sq feet when measured on 14 Feb 2017. Using an estimated price of £607,440 means this house is valued at £4,049 per sq meter (£376 per sq foot).
The average size of a house on SOUTH STREET is 101 sq meters (1,094 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Anti-social behaviour | On or near Locks Hill | |
| Jul 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Locks Hill |
| Jul 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Locks Hill |
| May 2024 | Anti-social behaviour | On or near Locks Hill | |
| May 2024 | Anti-social behaviour | On or near Locks Hill |