£250,543
This estimated value is based upon the latest sale price for the house of £240,000 on 25 Mar 2022. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £240,000 | 25 Mar 2022 |
| £145,000 | 19 May 2010 |
| £159,000 | 22 Mar 2007 |
| Semi-Detached |
| Freehold |
| Floor Area: 63 sq meters or 678 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 March 2022 the House Price Index for ESSEX was 143.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 4.393%.Applying this 4.393% change to the original purchase price of £240,000 results in an estimated price of approximately £250,543.
| 25 Mar 2022 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 143.4 | 149.7 | 4.393 % | £240,000 | £10,543 | £250,543 |
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 | -25.603 % | £-61,446 | £178,553 |
| 3 Month Average | -16.434 % | £-39,441 | £200,558 |
| 6 Month Average | -9.447 % | £-22,672 | £217,327 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 25 Apr 2024 | £226,971 | £225,000 | 12 CAVENDISH DRIVE |
| 19 Apr 2024 | £267,321 | £265,000 | 11 SHELLEY ROAD |
| 19 Dec 2023 | £229,554 | £222,500 | 120 FLATFORD DRIVE |
| 20 Sep 2023 | £122,705 | £120,000 | 71 MELTON CLOSE |
| 15 Jun 2023 | £255,112 | £250,000 | 15 CAVENDISH DRIVE |
This house has a floor area of 63 sq meters or 678 sq feet when measured on 6 Jul 2021. Using an estimated price of £250,544 means this house is valued at £3,976 per sq meter (£369 per sq foot).
The average size of a house on SOUTHWOLD WAY is 85 sq meters (922 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| May 2024 | Drugs | Local resolution | On or near Shelley Road |
| May 2024 | Drugs | Local resolution | On or near Shelley Road |
| Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Cavendish Drive |
| Jul 2024 | Criminal damage and arson | Under investigation | On or near Melton Close |
| Jun 2024 | Violence and sexual offences | Under investigation | On or near Melton Close |