£158,724
This estimated value is based upon the latest sale price for the house of £34,250 on 18 Nov 1998. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £34,250 | 18 Nov 1998 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 71 sq meters or 764 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 November 1998 the House Price Index for ESSEX was 32.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 363.431%.Applying this 363.431% change to the original purchase price of £34,250 results in an estimated price of approximately £158,724.
| 18 Nov 1998 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 32.1 | 148.6 | 363.431 % | £34,250 | £124,474 | £158,724 |
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 | 426.876 % | £146,204 | £180,454 |
| 3 Month Average | 313.440 % | £107,353 | £141,603 |
| 6 Month Average | 312.313 % | £106,967 | £141,217 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Sep 2023 | £124,593 | £123,000 | 125 KNOX ROAD |
| 28 Apr 2023 | £161,742 | £160,000 | 39 KNOX ROAD |
| 10 Mar 2023 | £242,283 | £240,000 | 54 KNOX ROAD |
| 17 Jan 2023 | £135,860 | £136,500 | 80 KNOX ROAD |
| 17 Aug 2022 | £135,635 | £136,000 | 74 KNOX ROAD |
This house has a floor area of 71 sq meters or 764 sq feet when measured on 19 Aug 2020. Using an estimated price of £158,725 means this house is valued at £2,235 per sq meter (£207 per sq foot).
The average size of a house on KNOX ROAD is 68 sq meters (740 sq feet).