£211,411
This estimated value is based upon the latest sale price for the house of £91,000 on 18 Jul 2003. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £91,000 | 18 Jul 2003 |
| £51,000 | 1 Mar 2000 |
| Terraced |
| Freehold |
| 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 July 2003 the House Price Index for ESSEX was 64.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 132.320%.Applying this 132.320% change to the original purchase price of £91,000 results in an estimated price of approximately £211,411.
| 18 Jul 2003 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 64.0 | 148.6 | 132.320 % | £91,000 | £120,411 | £211,411 |
The Postcode Pricing Model uses changes in average sales price within the CO16 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 | 134.249 % | £122,166 | £213,166 |
| 3 Month Average | 111.883 % | £101,813 | £192,813 |
| 6 Month Average | 98.161 % | £89,326 | £180,326 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Sep 2023 | £121,554 | £120,000 | 71 MELTON CLOSE |
| 21 Jul 2023 | £243,274 | £240,000 | 101 FLATFORD DRIVE |
| 15 Jun 2023 | £253,065 | £250,000 | 15 CAVENDISH DRIVE |
| 9 Feb 2023 | £354,761 | £355,000 | 23 CAVENDISH DRIVE |
| 20 Jun 2022 | £243,435 | £239,995 | 27 CAVENDISH DRIVE |
This house has a floor area of 53 sq meters or 570 sq feet when measured on 10 Apr 2013. Using an estimated price of £211,412 means this house is valued at £3,988 per sq meter (£370 per sq foot).
The average size of a house on MELTON CLOSE is 66 sq meters (711 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Public order | Unable to prosecute suspect | On or near Melton Close |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Cavendish Drive |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Bluehouse Avenue |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Battisford Drive |
| Apr 2024 | Drugs | Under investigation | On or near Battisford Drive |