£347,294
This estimated value is based upon the latest sale price for the house of £330,000 on 31 Jan 2022. This value is then adjusted by the current Official House Price Index for ESSEX 1
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Price Paid | Date |
---|---|
£330,000 | 31 Jan 2022 |
£267,500 | 5 Jul 2019 |
£38,000 | 12 Feb 1998 |
Semi-Detached |
Freehold |
Floor Area: 88 sq meters or 947 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 January 2022 the House Price Index for ESSEX was 141.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 5.241%.Applying this 5.241% change to the original purchase price of £330,000 results in an estimated price of approximately £347,294.
31 Jan 2022 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
141.2 | 148.6 | 5.241 % | £330,000 | £17,294 | £347,294 |
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 | -33.527 % | £-110,639 | £219,360 |
3 Month Average | -1.332 % | £-4,394 | £325,605 |
6 Month Average | -5.211 % | £-17,194 | £312,805 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
28 Jun 2023 | £250,535 | £247,500 | 55 COWDRAY AVENUE |
28 Mar 2023 | £213,512 | £211,500 | 29 ALBERT STREET |
28 Jul 2022 | £300,810 | £300,000 | 29 MERCERS WAY |
28 Apr 2022 | £227,586 | £221,000 | 44 ALBERT STREET |
31 Jan 2022 | £347,295 | £330,000 | 8 MERCERS WAY |
This house has a floor area of 88 sq meters or 947 sq feet when measured on 24 Apr 2017. Using an estimated price of £347,295 means this house is valued at £3,946 per sq meter (£366 per sq foot).
The average size of a house on MERCERS WAY is 94 sq meters (1,020 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Apr 2024 | Violence and sexual offences | Under investigation | On or near Kings Head Court |
Apr 2024 | Violence and sexual offences | Under investigation | On or near Kings Head Court |
Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Margaret Road |
Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Albert Street |
Feb 2024 | Violence and sexual offences | Further action is not in the public interest | On or near Albert Street |