£1,580,967
This estimated value is based upon the latest sale price for the house of £350,000 on 26 Feb 1999. This value is then adjusted by the current Official House Price Index for ESSEX 1
There has been one burglary within the last year on or near Gainsthorpe Road
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High Street, Ongar, CM5 9AA
Phone: 01277699428
| Price Paid | Date |
|---|---|
| £350,000 | 26 Feb 1999 |
| Detached |
| Freehold |
| Floor Area: 227 sq meters or 2,443 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 February 1999 the House Price Index for ESSEX was 32.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 351.705%.Applying this 351.705% change to the original purchase price of £350,000 results in an estimated price of approximately £1,580,967.
| 26 Feb 1999 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 32.9 | 148.6 | 351.705 % | £350,000 | £1,230,967 | £1,580,967 |
The Postcode Pricing Model uses changes in average sales price within the CM5 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 | 230.894 % | £808,128 | £1,158,128 |
| 3 Month Average | 233.833 % | £818,413 | £1,168,413 |
| 6 Month Average | 282.361 % | £988,262 | £1,338,262 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Dec 2023 | £740,456 | £727,500 | IVYLANDS BRIDGE ROAD |
| 6 Apr 2023 | £788,490 | £780,000 | 29 LOWER BOVINGER GREEN |
| 24 Nov 2022 | £582,939 | £590,000 | 10 MORETON BRIDGE |
| 14 Oct 2022 | £1,162,483 | £1,175,000 | THE GATEHOUSE HOBBANS FARM STONY LANE |
| 14 Feb 2022 | £450,939 | £430,000 | 1 CORNER COTTAGES HARLOW ROAD |
This house has a floor area of 227 sq meters or 2,443 sq feet when measured on 12 May 2014. Using an estimated price of £1,580,968 means this house is valued at £6,964 per sq meter (£647 per sq foot).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Burglary | Investigation complete; no suspect identified | On or near Gainsthorpe Road |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Gainsthorpe Road |
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Stony Lane |
| Feb 2024 | Criminal damage and arson | Local resolution | On or near Gould Close |
| Mar 2024 | Criminal damage and arson | Under investigation | On or near Church Road |