£405,614
This estimated value is based upon the latest sale price for the house of £72,500 on 31 Mar 1995. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £72,500 | 31 Mar 1995 |
| Semi-Detached |
| Freehold |
| Floor Area: 106 sq meters or 1,140 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 March 1995 the House Price Index for ESSEX was 26.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 459.468%.Applying this 459.468% change to the original purchase price of £72,500 results in an estimated price of approximately £405,614.
| 31 Mar 1995 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 26.6 | 148.6 | 459.468 % | £72,500 | £333,114 | £405,614 |
The Postcode Pricing Model uses changes in average sales price within the CO8 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 | 455.052 % | £329,912 | £402,412 |
| 3 Month Average | 776.868 % | £563,229 | £635,729 |
| 6 Month Average | 551.537 % | £399,864 | £472,364 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 29 Aug 2023 | £371,248 | £368,000 | 4 THE PADDOCKS |
| 21 Jul 2023 | £241,247 | £238,000 | 40 WATER LANE |
| 30 Jun 2023 | £274,323 | £271,000 | 24 WATER LANE |
| 17 Apr 2023 | £374,027 | £370,000 | 18 MALTINGS CLOSE |
| 30 Mar 2023 | £635,992 | £630,000 | 20A THE PADDOCKS |
This house has a floor area of 106 sq meters or 1,140 sq feet when measured on 25 May 2021. Using an estimated price of £405,614 means this house is valued at £3,826 per sq meter (£355 per sq foot).
The average size of a house on WATER LANE is 133 sq meters (1,442 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Anti-social behaviour | On or near Station Hill | |
| Mar 2024 | Anti-social behaviour | On or near Station Hill | |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Bures |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Bures |
| Apr 2024 | Anti-social behaviour | On or near Hamlet Court |