£211,429
This estimated value is based upon the latest sale price for the house of £125,000 on 19 Dec 2012. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £125,000 | 19 Dec 2012 |
| Detached |
| Freehold |
| Floor Area: 55 sq meters or 595 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 December 2012 the House Price Index for ESSEX was 87.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 69.144%.Applying this 69.144% change to the original purchase price of £125,000 results in an estimated price of approximately £211,429.
| 19 Dec 2012 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.9 | 148.6 | 69.144 % | £125,000 | £86,429 | £211,429 |
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 | 78.067 % | £97,583 | £222,583 |
| 3 Month Average | 56.321 % | £70,401 | £195,401 |
| 6 Month Average | 53.335 % | £66,668 | £191,668 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 21 Apr 2023 | £232,503 | £230,000 | 11 MARIGOLD AVENUE |
| 20 Jun 2022 | £294,157 | £290,000 | 17 LUPIN WAY |
| 12 Jan 2022 | £226,268 | £215,000 | 6 GERANIUM CLOSE |
| 8 Nov 2021 | £286,601 | £265,000 | 9 WOOLWICH ROAD |
| 15 Oct 2021 | £251,724 | £227,500 | 21 SOUTHGREEN GARDENS |
This house has a floor area of 55 sq meters or 595 sq feet when measured on 10 Aug 2011. Using an estimated price of £211,430 means this house is valued at £3,819 per sq meter (£354 per sq foot).
The average size of a house on SOUTHGREEN GARDENS is 62 sq meters (677 sq feet).