£204,227
This estimated value is based upon the latest sale price for the house of £164,000 on 15 May 2019. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £164,000 | 15 May 2019 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 60 sq meters or 656 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 May 2019 the House Price Index for ESSEX was 120.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.529%.Applying this 24.529% change to the original purchase price of £164,000 results in an estimated price of approximately £204,227.
| 15 May 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.2 | 149.7 | 24.529 % | £164,000 | £40,227 | £204,227 |
The Postcode Pricing Model uses changes in average sales price within the CO14 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 | 5.596 % | £9,177 | £173,177 |
| 3 Month Average | 15.643 % | £25,655 | £189,655 |
| 6 Month Average | 17.436 % | £28,595 | £192,595 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Dec 2023 | £132,058 | £128,000 | FLAT 8 KINGS REACH STANDLEY ROAD |
| 5 Dec 2023 | £192,928 | £187,000 | 3 GREENVIEW COURT HALL LANE |
| 18 Jan 2023 | £791,615 | £789,500 | 4 EAST TERRACE |
| 12 Jul 2022 | £176,771 | £175,000 | FLAT 14 KINGS REACH STANDLEY ROAD |
| 13 Jun 2022 | £357,645 | £350,000 | 1A COASTGUARD COTTAGES EAST TERRACE |
This house has a floor area of 60 sq meters or 656 sq feet when measured on 4 Jan 2012. Using an estimated price of £204,227 means this house is valued at £3,349 per sq meter (£311 per sq foot).
The average size of a house on EAST TERRACE is 102 sq meters (1,107 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Robbery | Unable to prosecute suspect | On or near Sports/Recreation Area |
| Jun 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Sports/Recreation Area |
| Jun 2024 | Anti-social behaviour | On or near Parking Area | |
| Jun 2024 | Anti-social behaviour | On or near Parking Area | |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near East Terrace |