£168,838
This estimated value is based upon the latest sale price for the house of £120,000 on 16 Oct 2015. This value is then adjusted by the current Official House Price Index for ESSEX 1
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Price Paid | Date |
---|---|
£120,000 | 16 Oct 2015 |
£92,000 | 28 Apr 2005 |
Terraced |
Freehold |
Floor Area: 53 sq meters or 570 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 October 2015 the House Price Index for ESSEX was 105.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 40.699%.Applying this 40.699% change to the original purchase price of £120,000 results in an estimated price of approximately £168,838.
16 Oct 2015 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
105.6 | 148.6 | 40.699 % | £120,000 | £48,838 | £168,838 |
The Postcode Pricing Model uses changes in average sales price within the CO1 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 | -15.423 % | £-18,507 | £101,492 |
3 Month Average | 18.554 % | £22,264 | £142,264 |
6 Month Average | 24.714 % | £29,657 | £149,657 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
20 Dec 2023 | £101,781 | £100,000 | FLAT 6 MEADOWBROOK COURT BROOK STREET |
16 Nov 2023 | £156,923 | £154,600 | 67 ROSEBERY AVENUE |
8 Aug 2023 | £181,589 | £180,000 | 12 EAST BAY |
11 Jul 2023 | £144,951 | £143,000 | 4 EAST BAY |
14 Apr 2023 | £303,265 | £300,000 | 4 ROSEBERY AVENUE |
This house has a floor area of 53 sq meters or 570 sq feet when measured on 29 Jun 2015. Using an estimated price of £168,839 means this house is valued at £3,185 per sq meter (£295 per sq foot).
The average size of a house on BROOK STREET is 63 sq meters (688 sq feet).