£315,977
This estimated value is based upon the latest sale price for the house of £254,000 on 27 Sep 2018. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £254,000 | 27 Sep 2018 |
| £239,995 | 8 Feb 2008 |
| Detached |
| Freehold |
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 September 2018 the House Price Index for ESSEX was 120.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.401%.Applying this 24.401% change to the original purchase price of £254,000 results in an estimated price of approximately £315,977.
| 27 Sep 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.3 | 149.7 | 24.401 % | £254,000 | £61,977 | £315,977 |
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 | -10.578 % | £-26,867 | £227,132 |
| 3 Month Average | 14.268 % | £36,240 | £290,240 |
| 6 Month Average | 14.987 % | £38,067 | £292,067 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 7 May 2024 | £310,000 | £310,000 | 31 THE STREET |
| 30 Aug 2023 | £285,143 | £280,000 | 4A COLCHESTER ROAD |
| 20 Jun 2023 | £309,196 | £303,000 | 14 WOODLANDS RISE |
| 28 Apr 2023 | £157,954 | £155,000 | 40 HILLTOP CRESCENT |
| 17 Dec 2021 | £253,637 | £235,000 | 29 COLCHESTER ROAD |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Public order | Under investigation | On or near Woodlands Rise |
| May 2024 | Drugs | Under investigation | On or near Woodlands Rise |
| May 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Woodlands Rise |
| Jul 2024 | Anti-social behaviour | On or near Festival Close | |
| Jul 2024 | Other crime | Under investigation | On or near Waylands Drive |