£361,966
This estimated value is based upon the latest sale price for the house of £210,000 on 2 Dec 2011. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £210,000 | 2 Dec 2011 |
| £178,000 | 7 Jun 2006 |
| £180,000 | 25 Jul 2003 |
| Terraced |
| Freehold |
| Floor Area: 102 sq meters or 1,097 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 2011 the House Price Index for ESSEX was 86.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 72.365%.Applying this 72.365% change to the original purchase price of £210,000 results in an estimated price of approximately £361,966.
| 2 Dec 2011 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.2 | 148.6 | 72.365 % | £210,000 | £151,966 | £361,966 |
The Postcode Pricing Model uses changes in average sales price within the CO4 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 | 47.832 % | £100,446 | £310,446 |
| 3 Month Average | 70.114 % | £147,239 | £357,239 |
| 6 Month Average | 60.876 % | £127,838 | £337,838 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 11 Sep 2023 | £217,785 | £215,000 | 7 WALLACE ROAD |
| 29 Jun 2023 | £212,575 | £210,000 | 32 WALLACE ROAD |
| 9 Jun 2023 | £303,678 | £300,000 | 2 KNEVETT CLOSE |
| 20 Jan 2023 | £343,382 | £345,000 | 125 HAKEWILL WAY |
| 27 Jul 2022 | £167,952 | £167,500 | 5 WALLACE ROAD |
This house has a floor area of 102 sq meters or 1,097 sq feet when measured on 27 Sep 2011. Using an estimated price of £361,966 means this house is valued at £3,548 per sq meter (£329 per sq foot).
The average size of a house on KNEVETT CLOSE is 96 sq meters (1,040 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Anti-social behaviour | On or near Wallace Road | |
| Jan 2024 | Burglary | Investigation complete; no suspect identified | On or near Hakewill Way |
| Mar 2024 | Anti-social behaviour | On or near Stevens Close | |
| Jan 2024 | Vehicle crime | Unable to prosecute suspect | On or near Stevens Close |
| Mar 2024 | Robbery | Under investigation | On or near Bardsley Close |