£239,156
This estimated value is based upon the latest sale price for the house of £195,000 on 29 Nov 2019. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £195,000 | 29 Nov 2019 |
| £167,500 | 23 Nov 2016 |
| £131,500 | 11 Apr 2007 |
| Semi-Detached |
| Freehold |
| Floor Area: 149 sq meters or 1,603 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 £195,000 results in an estimated price of approximately £239,156.
| 29 Nov 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.2 | 148.6 | 22.645 % | £195,000 | £44,156 | £239,156 |
The Postcode Pricing Model uses changes in average sales price within the CO15 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 | 20.092 % | £39,178 | £234,178 |
| 3 Month Average | 9.976 % | £19,453 | £214,453 |
| 6 Month Average | 8.446 % | £16,470 | £211,470 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 29 Sep 2023 | £101,295 | £100,000 | FLAT 9 VICTORIA HEIGHTS CARNARVON ROAD |
| 15 Sep 2023 | £89,140 | £88,000 | FLAT 17 VICTORIA HEIGHTS CARNARVON ROAD |
| 18 Apr 2023 | £247,667 | £245,000 | 53 WELLESLEY ROAD |
| 4 Nov 2022 | £53,354 | £54,000 | FLAT 6 RODNEY COURT, 83 - 85 WELLESLEY ROAD |
| 29 Jul 2022 | £240,648 | £240,000 | 84 WELLESLEY ROAD |
This house has a floor area of 149 sq meters or 1,603 sq feet when measured on 5 Jul 2016. Using an estimated price of £239,157 means this house is valued at £1,605 per sq meter (£149 per sq foot).
The average size of a house on WELLESLEY ROAD is 93 sq meters (1,010 sq feet).