£163,227
This estimated value is based upon the latest sale price for the house of £89,000 on 12 Jan 2009. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £89,000 | 12 Jan 2009 |
| £75,995 | 30 May 2003 |
| Terraced |
| Leasehold |
| Floor Area: 40 sq meters or 430 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 January 2009 the House Price Index for ESSEX was 81.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 83.402%.Applying this 83.402% change to the original purchase price of £89,000 results in an estimated price of approximately £163,227.
| 12 Jan 2009 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 81.0 | 148.6 | 83.402 % | £89,000 | £74,227 | £163,227 |
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 | 9.187 % | £8,176 | £97,176 |
| 3 Month Average | 59.663 % | £53,100 | £142,100 |
| 6 Month Average | 62.310 % | £55,455 | £144,455 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 27 Sep 2023 | £91,166 | £90,000 | 86 NICHOLSONS GROVE |
| 26 Sep 2023 | £172,202 | £170,000 | 36 NICHOLSONS GROVE |
| 31 Aug 2023 | £128,625 | £127,500 | 81 NICHOLSONS GROVE |
| 10 Mar 2023 | £148,903 | £147,500 | 60 NICHOLSONS GROVE |
| 6 Sep 2022 | £161,198 | £162,500 | 8 NICHOLSONS GROVE |
This house has a floor area of 40 sq meters or 430 sq feet when measured on 3 Jul 2020. Using an estimated price of £163,228 means this house is valued at £4,080 per sq meter (£379 per sq foot).
The average size of a house on NICHOLSONS GROVE is 45 sq meters (485 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Other theft | Unable to prosecute suspect | On or near Nicholsons Grove |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Nicholsons Grove |
| Jan 2024 | Public order | Investigation complete; no suspect identified | On or near Nicholsons Grove |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Childwell Alley |
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Childwell Alley |