£303,897
This estimated value is based upon the latest sale price for the house of £175,000 on 6 Jun 2006. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £175,000 | 6 Jun 2006 |
| Detached |
| Freehold |
| Floor Area: 75 sq meters or 807 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 June 2006 the House Price Index for ESSEX was 85.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 73.656%.Applying this 73.656% change to the original purchase price of £175,000 results in an estimated price of approximately £303,897.
| 6 Jun 2006 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 85.6 | 148.6 | 73.656 % | £175,000 | £128,897 | £303,897 |
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 | 56.179 % | £98,313 | £273,313 |
| 3 Month Average | 46.257 % | £80,949 | £255,949 |
| 6 Month Average | 49.363 % | £86,385 | £261,385 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 13 Nov 2023 | £249,697 | £246,000 | 24 WOODLANDS CLOSE |
| 27 Sep 2023 | £253,238 | £250,000 | 21 WOODLANDS CLOSE |
| 21 Aug 2023 | £211,853 | £210,000 | UNIT 9 BRUNEL ROAD |
| 23 Mar 2023 | £237,235 | £235,000 | 50 WOODLANDS CLOSE |
| 24 Feb 2023 | £254,829 | £255,000 | 43 WOODLANDS CLOSE |
This house has a floor area of 75 sq meters or 807 sq feet when measured on 7 Dec 2021. Using an estimated price of £303,898 means this house is valued at £4,051 per sq meter (£376 per sq foot).
The average size of a house on GORSE LANE is 107 sq meters (1,152 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Other theft | Under investigation | On or near Gorse Lane |
| Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Woodlands Close |
| Apr 2024 | Public order | Under investigation | On or near Woodlands Close |
| Jan 2024 | Other theft | Action to be taken by another organisation | On or near Woodlands Close |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Brunel Road |