£202,363
This estimated value is based upon the latest sale price for the house of £165,000 on 4 Nov 2019. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £165,000 | 4 Nov 2019 |
| £124,000 | 26 Apr 2017 |
| Terraced |
| Freehold |
| Floor Area: 99 sq meters or 1,065 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 2019 the House Price Index for ESSEX was 121.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 22.645%.Applying this 22.645% change to the original purchase price of £165,000 results in an estimated price of approximately £202,363.
| 4 Nov 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.2 | 148.6 | 22.645 % | £165,000 | £37,363 | £202,363 |
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 | 31.353 % | £51,732 | £216,732 |
| 3 Month Average | 10.320 % | £17,027 | £182,027 |
| 6 Month Average | 14.082 % | £23,235 | £188,235 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Dec 2023 | £195,419 | £192,000 | 3 FERNLEA ROAD |
| 22 Sep 2023 | £170,682 | £168,500 | 24 MARIA STREET |
| 24 Jul 2023 | £167,251 | £165,000 | 5 MARIA STREET |
| 22 Mar 2023 | £85,808 | £85,000 | 24 ALBERT STREET |
| 10 Mar 2023 | £105,999 | £105,000 | 2 ELIZABETH HOUSE ALBEMARLE STREET |
This house has a floor area of 99 sq meters or 1,065 sq feet when measured on 26 Nov 2018. Using an estimated price of £202,364 means this house is valued at £2,044 per sq meter (£189 per sq foot).
The average size of a house on ALBERT STREET is 97 sq meters (1,047 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Albert Street |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Albert Street |
| Feb 2024 | Public order | Under investigation | On or near Albert Street |