£392,558
This estimated value is based upon the latest sale price for the house of £250,000 on 31 Jan 2008. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £250,000 | 31 Jan 2008 |
| £160,000 | 1 Oct 2003 |
| Detached |
| Freehold |
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 January 2008 the House Price Index for ESSEX was 95.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 57.023%.Applying this 57.023% change to the original purchase price of £250,000 results in an estimated price of approximately £392,558.
| 31 Jan 2008 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 95.3 | 149.7 | 57.023 % | £250,000 | £142,558 | £392,558 |
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 | 15.602 % | £39,004 | £289,004 |
| 3 Month Average | 35.568 % | £88,920 | £338,920 |
| 6 Month Average | 38.380 % | £95,948 | £345,948 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Mar 2024 | £149,802 | £147,500 | 78 FLATFORD DRIVE |
| 19 Dec 2023 | £229,554 | £222,500 | 120 FLATFORD DRIVE |
| 8 Nov 2023 | £205,209 | £200,000 | 27 WRITTLE CLOSE |
| 20 Sep 2023 | £122,705 | £120,000 | 71 MELTON CLOSE |
| 23 Feb 2023 | £250,675 | £249,000 | 5 ONGAR CLOSE |