£306,914
This estimated value is based upon the latest sale price for the house of £230,000 on 31 Oct 2016. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £230,000 | 31 Oct 2016 |
| £147,500 | 12 Sep 2002 |
| Detached |
| Freehold |
| Floor Area: 114 sq meters or 1,227 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 2016 the House Price Index for ESSEX was 112.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 33.441%.Applying this 33.441% change to the original purchase price of £230,000 results in an estimated price of approximately £306,914.
| 31 Oct 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 112.2 | 149.7 | 33.441 % | £230,000 | £76,914 | £306,914 |
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 | 167.272 % | £384,725 | £614,725 |
| 3 Month Average | 53.908 % | £123,987 | £353,987 |
| 6 Month Average | 38.470 % | £88,481 | £318,481 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Dec 2023 | £350,779 | £340,000 | 2 HILL ROAD |
| 26 Oct 2023 | £332,553 | £325,000 | 25 STATION LANE |
| 12 Oct 2023 | £92,092 | £90,000 | 9 STEELE HOUSE HIGH STREET |
| 30 Jun 2023 | £295,930 | £290,000 | PATTRICKS HOUSE PATTRICKS LANE |
| 29 Jun 2023 | £153,067 | £150,000 | FLAT 26 OLD CUSTOM HOUSE MAIN ROAD |
This house has a floor area of 114 sq meters or 1,227 sq feet when measured on 30 Dec 2015. Using an estimated price of £306,914 means this house is valued at £2,692 per sq meter (£250 per sq foot).
The average size of a house on PATTRICKS LANE is 118 sq meters (1,275 sq feet).
This house is the largest in the street with a floor area of 114 sq meters (1,227 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Paddock Close |
| Apr 2024 | Public order | Unable to prosecute suspect | On or near Paddock Close |
| Jul 2024 | Shoplifting | Under investigation | On or near Mill Close |
| Jul 2024 | Shoplifting | Under investigation | On or near Mill Close |
| Jun 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Mill Close |