£123,575
This estimated value is based upon the latest sale price for the house of £120,000 on 5 Apr 2022. This value is then adjusted by the current Official House Price Index for ESSEX 1
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Price Paid | Date |
---|---|
£120,000 | 5 Apr 2022 |
£67,000 | 31 Jul 2008 |
Flats/Maisonettes |
Leasehold |
Floor Area: 49 sq meters or 527 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 April 2022 the House Price Index for ESSEX was 144.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 2.980%.Applying this 2.980% change to the original purchase price of £120,000 results in an estimated price of approximately £123,575.
5 Apr 2022 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
144.3 | 148.6 | 2.980 % | £120,000 | £3,575 | £123,575 |
The Postcode Pricing Model uses changes in average sales price within the CO2 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 | 33.383 % | £40,059 | £160,059 |
3 Month Average | 15.375 % | £18,449 | £138,449 |
6 Month Average | 6.208 % | £7,449 | £127,449 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
21 Sep 2023 | £344,404 | £340,000 | 237 MERSEA ROAD |
6 Sep 2023 | £172,202 | £170,000 | FLAT 1 STURMER COURT QUEEN ELIZABETH WAY |
31 Jul 2023 | £258,479 | £255,000 | 8 PRINCE PHILIP ROAD |
1 Mar 2023 | £272,568 | £270,000 | 89 QUEEN ELIZABETH WAY |
7 Sep 2022 | £396,796 | £400,000 | 278 MERSEA ROAD |
This house has a floor area of 49 sq meters or 527 sq feet when measured on 9 Aug 2019. Using an estimated price of £123,576 means this house is valued at £2,521 per sq meter (£234 per sq foot).
The average size of a house on QUEEN ELIZABETH WAY is 78 sq meters (844 sq feet).
This house is the smallest in the street with a floor area of 49 sq meters (527 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Feb 2024 | Violence and sexual offences | Awaiting court outcome | On or near Stansted Road |
Feb 2024 | Shoplifting | Awaiting court outcome | On or near Stansted Road |
Feb 2024 | Drugs | Under investigation | On or near Stansted Road |
Jan 2024 | Shoplifting | Local resolution | On or near Stansted Road |
Jan 2024 | Anti-social behaviour | On or near Stansted Road |