£272,118
This estimated value is based upon the latest sale price for the house of £220,000 on 17 Aug 2018. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £220,000 | 17 Aug 2018 |
| Semi-Detached |
| Freehold |
| Floor Area: 93 sq meters or 1,001 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 August 2018 the House Price Index for ESSEX was 120.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.690%.Applying this 23.690% change to the original purchase price of £220,000 results in an estimated price of approximately £272,118.
| 17 Aug 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.1 | 148.6 | 23.690 % | £220,000 | £52,118 | £272,118 |
The Postcode Pricing Model uses changes in average sales price within the CO12 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 | -37.424 % | £-82,333 | £137,666 |
| 3 Month Average | 7.893 % | £17,365 | £237,365 |
| 6 Month Average | 15.581 % | £34,278 | £254,278 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Nov 2023 | £126,878 | £125,000 | 14 LAUREL AVENUE |
| 17 Nov 2023 | £253,757 | £250,000 | 551 MAIN ROAD |
| 1 Sep 2023 | £314,015 | £310,000 | 87 LONG MEADOWS |
| 15 Aug 2023 | £378,310 | £375,000 | LILLILEE, 2B LAUREL AVENUE |
| 12 Jun 2023 | £182,207 | £180,000 | 14 WILLOW WAY |
This house has a floor area of 93 sq meters or 1,001 sq feet when measured on 6 Apr 2018. Using an estimated price of £272,119 means this house is valued at £2,926 per sq meter (£271 per sq foot).
The average size of a house on WILLOW WAY is 88 sq meters (951 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Robbery | Under investigation | On or near Willow Way |
| Jan 2024 | Bicycle theft | Investigation complete; no suspect identified | On or near Willow Way |
| Jan 2024 | Possession of weapons | Under investigation | On or near Willow Way |
| Mar 2024 | Other theft | Under investigation | On or near Balton Way |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Laurel Avenue |