£319,027
This estimated value is based upon the latest sale price for the house of £131,500 on 11 Mar 2003. This value is then adjusted by the current Official House Price Index for ESSEX 1
There has been one burglary within the last year on or near George Williams Way
More crime details
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| Price Paid | Date |
|---|---|
| £131,500 | 11 Mar 2003 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 56 sq meters or 602 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 March 2003 the House Price Index for ESSEX was 61.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 142.606%.Applying this 142.606% change to the original purchase price of £131,500 results in an estimated price of approximately £319,027.
| 11 Mar 2003 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 61.3 | 148.6 | 142.606 % | £131,500 | £187,527 | £319,027 |
The Postcode Pricing Model uses changes in average sales price within the CO1 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 | 8.133 % | £10,695 | £142,195 |
| 3 Month Average | 72.237 % | £94,991 | £226,491 |
| 6 Month Average | 78.920 % | £103,780 | £235,280 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 21 Dec 2023 | £358,269 | £352,000 | 86 GEORGE WILLIAMS WAY |
| 7 Aug 2023 | £332,912 | £330,000 | 92 GEORGE WILLIAMS WAY |
| 4 Jul 2023 | £212,865 | £210,000 | 120 MAGDALEN STREET |
| 9 Jun 2023 | £168,035 | £166,000 | 40 GEORGE WILLIAMS WAY |
| 28 Sep 2022 | £143,838 | £145,000 | 50 GEORGE WILLIAMS WAY |
This house has a floor area of 56 sq meters or 602 sq feet when measured on 7 Oct 2019. Using an estimated price of £319,027 means this house is valued at £5,696 per sq meter (£529 per sq foot).
The average size of a house on MAGDALEN STREET is 59 sq meters (636 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near George Williams Way |
| Apr 2024 | Burglary | Investigation complete; no suspect identified | On or near George Williams Way |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near George Williams Way |
| Feb 2024 | Anti-social behaviour | On or near George Williams Way | |
| Feb 2024 | Anti-social behaviour | On or near George Williams Way |