£73,996
This estimated value is based upon the latest sale price for the house of £65,000 on 11 May 2021. This value is then adjusted by the current Official House Price Index for ESSEX 1
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Price Paid | Date |
---|---|
£65,000 | 11 May 2021 |
£112,500 | 3 Apr 2008 |
Flats/Maisonettes |
Leasehold |
Floor Area: 43 sq meters or 462 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 2021 the House Price Index for ESSEX was 131.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 13.840%.Applying this 13.840% change to the original purchase price of £65,000 results in an estimated price of approximately £73,996.
11 May 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
131.5 | 149.7 | 13.840 % | £65,000 | £8,996 | £73,996 |
The Postcode Pricing Model uses changes in average sales price within the CO12 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 | 119.512 % | £77,682 | £142,682 |
3 Month Average | 5.571 % | £3,621 | £68,621 |
6 Month Average | -15.211 % | £-9,886 | £55,113 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
20 Dec 2023 | £87,695 | £85,000 | 9 HORDLE PLACE |
8 Aug 2023 | £162,939 | £160,000 | 15 EMPIRE ROAD |
29 Mar 2023 | £165,260 | £162,500 | 22 HORDLE STREET |
9 Aug 2022 | £145,681 | £145,000 | FIRST FLOOR FLAT 3 CLIFF ROAD |
17 Jan 2022 | £95,418 | £90,000 | FLAT 4, 179 HIGH STREET |
This house has a floor area of 43 sq meters or 462 sq feet when measured on 15 Jan 2014. Using an estimated price of £73,996 means this house is valued at £1,720 per sq meter (£159 per sq foot).
The average size of a house on EMPIRE ROAD is 85 sq meters (916 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
May 2024 | Anti-social behaviour | On or near Mill Lane | |
May 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Mill Lane |
May 2024 | Anti-social behaviour | On or near Mill Lane | |
May 2024 | Anti-social behaviour | On or near Mill Lane | |
May 2024 | Anti-social behaviour | On or near Mill Lane |