£311,282
This estimated value is based upon the latest sale price for the house of £235,000 on 31 Oct 2016. This value is then adjusted by the current Official House Price Index for ESSEX 1
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Price Paid | Date |
---|---|
£235,000 | 31 Oct 2016 |
£66,000 | 2 May 1997 |
Detached |
Freehold |
Floor Area: 108 sq meters or 1,162 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 October 2016 the House Price Index for ESSEX was 112.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 32.461%.Applying this 32.461% change to the original purchase price of £235,000 results in an estimated price of approximately £311,282.
31 Oct 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
112.2 | 148.6 | 32.461 % | £235,000 | £76,282 | £311,282 |
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 | 36.694 % | £86,231 | £321,231 |
3 Month Average | 29.695 % | £69,782 | £304,782 |
6 Month Average | 26.248 % | £61,683 | £296,683 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
15 Dec 2023 | £356,233 | £350,000 | 12 PRINCES ROAD |
14 Nov 2023 | £385,710 | £380,000 | 83 SALISBURY ROAD |
30 Jun 2023 | £571,928 | £565,000 | 53 YORK ROAD |
22 Jun 2023 | £303,678 | £300,000 | 31 YORK ROAD |
9 Jun 2023 | £283,433 | £280,000 | 4 HEREFORD ROAD |
This house has a floor area of 108 sq meters or 1,162 sq feet when measured on 24 Mar 2016. Using an estimated price of £311,282 means this house is valued at £2,882 per sq meter (£267 per sq foot).
The average size of a house on SALISBURY ROAD is 88 sq meters (948 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Feb 2024 | Violence and sexual offences | Under investigation | On or near Princes Road |
Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Princes Road |
Apr 2024 | Public order | Under investigation | On or near Hereford Court |
Feb 2024 | Public order | Unable to prosecute suspect | On or near Parking Area |
Apr 2024 | Burglary | Under investigation | On or near Nottingham Road |