£166,014
This estimated value is based upon the latest sale price for the house of £126,000 on 29 Nov 2016. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £126,000 | 29 Nov 2016 |
| Terraced |
| Freehold |
| Floor Area: 56 sq meters or 602 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 November 2016 the House Price Index for ESSEX was 112.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 31.758%.Applying this 31.758% change to the original purchase price of £126,000 results in an estimated price of approximately £166,014.
| 29 Nov 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 112.8 | 148.6 | 31.758 % | £126,000 | £40,014 | £166,014 |
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 | -40.242 % | £-50,704 | £75,295 |
| 3 Month Average | -4.956 % | £-6,244 | £119,755 |
| 6 Month Average | 6.601 % | £8,317 | £134,317 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 14 Aug 2023 | £226,986 | £225,000 | 60 VICTOR ROAD |
| 5 May 2022 | £226,263 | £222,000 | 42 VICTOR ROAD |
| 9 Mar 2022 | £197,926 | £191,000 | 135 BARRACK STREET |
| 14 Feb 2022 | £234,908 | £224,000 | 74 VICTOR ROAD |
| 11 Feb 2022 | £214,982 | £205,000 | 125 BARRACK STREET |
This house has a floor area of 56 sq meters or 602 sq feet when measured on 28 Jun 2016. Using an estimated price of £166,015 means this house is valued at £2,964 per sq meter (£275 per sq foot).
The average size of a house on NEW PARK STREET is 62 sq meters (673 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Public order | Under investigation | On or near New Park Street |
| Mar 2024 | Drugs | Investigation complete; no suspect identified | On or near New Park Street |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near New Park Street |
| Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Challenge Way |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Victor Road |