£215,691
This estimated value is based upon the latest sale price for the house of £137,500 on 25 Apr 2014. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £137,500 | 25 Apr 2014 |
| £130,000 | 10 Mar 2006 |
| Semi-Detached |
| Freehold |
| Floor Area: 58 sq meters or 624 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 April 2014 the House Price Index for ESSEX was 95.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 56.867%.Applying this 56.867% change to the original purchase price of £137,500 results in an estimated price of approximately £215,691.
| 25 Apr 2014 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 95.4 | 149.7 | 56.867 % | £137,500 | £78,191 | £215,691 |
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 | 28.380 % | £39,022 | £176,522 |
| 3 Month Average | 45.753 % | £62,910 | £200,410 |
| 6 Month Average | 52.682 % | £72,437 | £209,937 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 25 Oct 2023 | £233,810 | £228,500 | 81 CYPRESS CLOSE |
| 19 Oct 2023 | £240,461 | £235,000 | 1A LINDEN DRIVE |
| 16 Oct 2023 | £240,461 | £235,000 | 43 CYPRESS CLOSE |
| 12 Jun 2023 | £265,317 | £260,000 | 242 LONDON ROAD |
| 11 Jan 2023 | £270,723 | £270,000 | 25 HAWTHORN ROAD |
This house has a floor area of 58 sq meters or 624 sq feet when measured on 22 Nov 2013. Using an estimated price of £215,692 means this house is valued at £3,718 per sq meter (£345 per sq foot).
The average size of a house on CYPRESS CLOSE is 73 sq meters (794 sq feet).
This house is the smallest in the street with a floor area of 58 sq meters (624 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| May 2024 | Violence and sexual offences | Under investigation | On or near B1441 |
| May 2024 | Violence and sexual offences | Under investigation | On or near B1441 |
| Jun 2024 | Anti-social behaviour | On or near Pinewood Close | |
| Jun 2024 | Anti-social behaviour | On or near Pinewood Close | |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Chantry Close |