£23,327
This estimated value is based upon the latest sale price for the house of £5,000 on 26 Oct 1998. This value is then adjusted by the current Official House Price Index for ESSEX 1
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Price Paid | Date |
---|---|
£5,000 | 26 Oct 1998 |
Flats/Maisonettes |
Leasehold |
Floor Area: 62 sq meters or 667 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 October 1998 the House Price Index for ESSEX was 32.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 366.555%.Applying this 366.555% change to the original purchase price of £5,000 results in an estimated price of approximately £23,327.
26 Oct 1998 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
32.1 | 149.7 | 366.555 % | £5,000 | £18,327 | £23,327 |
The Postcode Pricing Model uses changes in average sales price within the CO13 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 | 187.004 % | £9,350 | £14,350 |
3 Month Average | 295.252 % | £14,762 | £19,762 |
6 Month Average | 308.414 % | £15,420 | £20,420 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
27 Mar 2023 | £259,331 | £255,000 | 3 FRINTON COURT THE ESPLANADE |
22 Mar 2023 | £210,516 | £207,000 | 24 FRINTON COURT THE ESPLANADE |
17 Feb 2023 | £296,984 | £295,000 | 22 FRINTON COURT THE ESPLANADE |
3 Feb 2023 | £243,627 | £242,000 | 5 FRINTON COURT THE ESPLANADE |
22 Aug 2022 | £484,264 | £482,000 | 15 KELVIN COURT FOURTH AVENUE |
This house has a floor area of 62 sq meters or 667 sq feet when measured on 29 Jul 2020. Using an estimated price of £23,328 means this house is valued at £376 per sq meter (£34 per sq foot).
The average size of a house on THE ESPLANADE is 86 sq meters (925 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jul 2024 | Vehicle crime | Under investigation | On or near Fourth Avenue |