£254,591
This estimated value is based upon the latest sale price for the house of £250,000 on 25 Aug 2023. This value is then adjusted by the current Official House Price Index for ESSEX 1
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Price Paid | Date |
---|---|
£250,000 | 25 Aug 2023 |
£134,000 | 19 Sep 2013 |
Detached |
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 2023 the House Price Index for ESSEX was 147.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 1.837%.Applying this 1.837% change to the original purchase price of £250,000 results in an estimated price of approximately £254,591.
25 Aug 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
147.0 | 149.7 | 1.837 % | £250,000 | £4,591 | £254,591 |
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 | 12.322 % | £30,804 | £280,804 |
3 Month Average | 1.031 % | £2,578 | £252,578 |
6 Month Average | 3.949 % | £9,872 | £259,872 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
29 Nov 2023 | £188,792 | £184,000 | 11 COPPINS ROAD |
1 Nov 2023 | £287,293 | £280,000 | 4 LODGE CLOSE |
6 Oct 2023 | £197,485 | £193,000 | 9 COPPINS ROAD |
25 Aug 2023 | £254,592 | £250,000 | 9 MAGDALEN ROAD |
20 Jul 2022 | £225,762 | £223,500 | 87 WARWICK ROAD |
This house has a floor area of 64 sq meters or 688 sq feet when measured on 28 Jan 2014. Using an estimated price of £254,592 means this house is valued at £3,978 per sq meter (£369 per sq foot).
The average size of a house on MAGDALEN ROAD is 88 sq meters (954 sq feet).
This house is the smallest in the street with a floor area of 64 sq meters (688 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jul 2024 | Drugs | Local resolution | On or near Magdalen Road |
May 2024 | Violence and sexual offences | Offender given a caution | On or near Magdalen Road |
Jul 2024 | Other theft | Under investigation | On or near St Mary'S Road |
Jul 2024 | Possession of weapons | Unable to prosecute suspect | On or near St Mary'S Road |
Jun 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Lodge Close |