£5,817,841
This estimated value is based upon the latest sale price for the house of £5,025,030 on 3 Jul 2021. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £5,025,030 | 3 Jul 2021 |
| Freehold |
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 2021 the House Price Index for ESSEX was 129.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 15.777%.Applying this 15.777% change to the original purchase price of £5,025,030 results in an estimated price of approximately £5,817,841.
| 3 Jul 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 129.3 | 149.7 | 15.777 % | £5,025,030 | £792,811 | £5,817,841 |
The Postcode Pricing Model uses changes in average sales price within the SS4 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 | -34.701 % | £-1,743,723 | £3,281,306 |
| 3 Month Average | -0.940 % | £-47,222 | £4,977,807 |
| 6 Month Average | -17.504 % | £-879,581 | £4,145,448 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Nov 2023 | £256,511 | £250,000 | 8 RECTORY TERRACE |
| 20 Oct 2023 | £450,226 | £440,000 | INNISFREE IRONWELL LANE |
| 6 Oct 2023 | £342,785 | £335,000 | 297 RECTORY ROAD |
| 4 Sep 2023 | £398,791 | £390,000 | 299 RECTORY ROAD |
| 4 Aug 2023 | £371,704 | £365,000 | 293 RECTORY ROAD |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Ark Lane |
| Jul 2024 | Criminal damage and arson | Under investigation | On or near Cherry Orchard Lane |
| Jul 2024 | Anti-social behaviour | On or near Cherry Orchard Lane | |
| Jun 2024 | Violence and sexual offences | Under investigation | On or near Cherry Orchard Lane |
| Jun 2024 | Violence and sexual offences | Under investigation | On or near Cherry Orchard Lane |