£160,239
This estimated value is based upon the latest sale price for the house of £36,970 on 9 Jul 1999. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £36,970 | 9 Jul 1999 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 63 sq meters or 681 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 1999 the House Price Index for ESSEX was 34.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 333.432%.Applying this 333.432% change to the original purchase price of £36,970 results in an estimated price of approximately £160,239.
| 9 Jul 1999 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 34.3 | 148.6 | 333.432 % | £36,970 | £123,269 | £160,239 |
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 | 520.306 % | £192,357 | £229,327 |
| 3 Month Average | 363.495 % | £134,384 | £171,354 |
| 6 Month Average | 362.464 % | £134,002 | £170,972 |
| 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 63 sq meters or 681 sq feet when measured on 16 Jul 2010. Using an estimated price of £160,240 means this house is valued at £2,531 per sq meter (£235 per sq foot).
The average size of a house on QUEEN ELIZABETH WAY is 78 sq meters (844 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 |