£400,377
This estimated value is based upon the latest sale price for the house of £227,500 on 12 Oct 2009. This value is then adjusted by the current Official House Price Index for ESSEX 1
There has been one burglary within the last year on or near Wakefield Close
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| Price Paid | Date |
|---|---|
| £227,500 | 12 Oct 2009 |
| £127,000 | 22 Dec 1999 |
| £100,000 | 15 Sep 1997 |
| Detached |
| Freehold |
| Floor Area: 106 sq meters or 1,147 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 October 2009 the House Price Index for ESSEX was 84.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 75.990%.Applying this 75.990% change to the original purchase price of £227,500 results in an estimated price of approximately £400,377.
| 12 Oct 2009 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 84.4 | 148.6 | 75.990 % | £227,500 | £172,877 | £400,377 |
The Postcode Pricing Model uses changes in average sales price within the CO1 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 | -10.387 % | £-23,630 | £203,869 |
| 3 Month Average | 35.863 % | £81,587 | £309,087 |
| 6 Month Average | 43.982 % | £100,059 | £327,559 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Sep 2023 | £324,145 | £320,000 | 32 WAKEFIELD CLOSE |
| 14 Jun 2023 | £344,169 | £340,000 | 20 LINCOLN WAY |
| 2 Jun 2023 | £334,046 | £330,000 | 53 GUILDFORD ROAD |
| 22 Feb 2023 | £339,771 | £340,000 | 3 LEICESTER CLOSE |
| 30 Aug 2022 | £299,195 | £300,000 | 1 WAKEFIELD CLOSE |
This house has a floor area of 106 sq meters or 1,147 sq feet when measured on 7 May 2009. Using an estimated price of £400,378 means this house is valued at £3,756 per sq meter (£349 per sq foot).
The average size of a house on GUILDFORD ROAD is 95 sq meters (1,027 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Burglary | Investigation complete; no suspect identified | On or near Wakefield Close |
| Apr 2024 | Bicycle theft | Under investigation | On or near Wakefield Close |
| Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Castle Road |
| Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Castle Road |
| Apr 2024 | Public order | Under investigation | On or near Durham Square |