£311,171
This estimated value is based upon the latest sale price for the house of £245,000 on 21 Aug 2017. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £245,000 | 21 Aug 2017 |
| £93,500 | 27 Jul 2001 |
| £70,250 | 21 Jun 1996 |
| Terraced |
| Freehold |
| Floor Area: 64 sq meters or 688 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 August 2017 the House Price Index for ESSEX was 117.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 27.009%.Applying this 27.009% change to the original purchase price of £245,000 results in an estimated price of approximately £311,171.
| 21 Aug 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 117.0 | 148.6 | 27.009 % | £245,000 | £66,171 | £311,171 |
The Postcode Pricing Model uses changes in average sales price within the SS4 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 | -36.977 % | £-90,594 | £154,405 |
| 3 Month Average | 2.677 % | £6,558 | £251,558 |
| 6 Month Average | 8.571 % | £20,999 | £265,999 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Mar 2024 | £197,000 | £197,000 | FLAT 1 CHELSEA COURT DALYS ROAD |
| 14 Dec 2023 | £363,866 | £357,500 | 68 SOMERSET AVENUE |
| 28 Sep 2023 | £384,922 | £380,000 | 4 PINE TREE PLACE |
| 20 May 2022 | £514,698 | £505,000 | 18 DALYS ROAD |
| 4 Feb 2022 | £356,556 | £340,000 | 29 DALYS ROAD |
This house has a floor area of 64 sq meters or 688 sq feet when measured on 9 Jun 2017. Using an estimated price of £311,172 means this house is valued at £4,862 per sq meter (£451 per sq foot).
The average size of a house on SOVEREIGN CLOSE is 81 sq meters (878 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Heritage Way |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Regency Close |
| Mar 2024 | Anti-social behaviour | On or near Pollards Court | |
| Mar 2024 | Anti-social behaviour | On or near Pollards Court | |
| Mar 2024 | Other theft | Under investigation | On or near Pollards Court |