£161,198
This estimated value is based upon the latest sale price for the house of £162,500 on 6 Sep 2022. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £162,500 | 6 Sep 2022 |
| £132,000 | 31 Mar 2016 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 53 sq meters or 570 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 September 2022 the House Price Index for ESSEX was 149.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of -0.801%.Applying this -0.801% change to the original purchase price of £162,500 results in an estimated price of approximately £161,198.
| 6 Sep 2022 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 149.8 | 148.6 | -0.801 % | £162,500 | £-1,301 | £161,198 |
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 | -45.780 % | £-74,391 | £88,108 |
| 3 Month Average | -11.859 % | £-19,270 | £143,229 |
| 6 Month Average | -8.921 % | £-14,496 | £148,003 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 Nov 2023 | £162,404 | £160,000 | 67 GEORGE WILLIAMS WAY |
| 26 Sep 2023 | £172,202 | £170,000 | 36 NICHOLSONS GROVE |
| 10 Mar 2023 | £148,903 | £147,500 | 60 NICHOLSONS GROVE |
| 6 Sep 2022 | £161,198 | £162,500 | 8 NICHOLSONS GROVE |
| 25 May 2022 | £168,169 | £165,000 | 9 GEORGE WILLIAMS WAY |
This house has a floor area of 53 sq meters or 570 sq feet when measured on 3 Sep 2015. Using an estimated price of £161,198 means this house is valued at £3,041 per sq meter (£282 per sq foot).
The average size of a house on NICHOLSONS GROVE is 45 sq meters (485 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Other theft | Unable to prosecute suspect | On or near Nicholsons Grove |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Nicholsons Grove |
| Jan 2024 | Public order | Investigation complete; no suspect identified | On or near Nicholsons Grove |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Childwell Alley |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Childwell Alley |