£486,681
This estimated value is based upon the latest sale price for the house of £450,000 on 11 Nov 2021. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £450,000 | 11 Nov 2021 |
| £305,000 | 25 Mar 2013 |
| £320,000 | 1 Feb 2008 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 78 sq meters or 839 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 November 2021 the House Price Index for ESSEX was 137.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 8.151%.Applying this 8.151% change to the original purchase price of £450,000 results in an estimated price of approximately £486,681.
| 11 Nov 2021 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 137.4 | 148.6 | 8.151 % | £450,000 | £36,681 | £486,681 |
The Postcode Pricing Model uses changes in average sales price within the CO7 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 | 2.694 % | £12,121 | £462,121 |
| 3 Month Average | -3.447 % | £-15,510 | £434,489 |
| 6 Month Average | 6.650 % | £29,923 | £479,923 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Nov 2023 | £299,433 | £295,000 | 31 WEST STREET |
| 25 Jul 2023 | £395,321 | £390,000 | 42 WEST STREET |
| 11 Jan 2023 | £517,562 | £520,000 | 2 THE SHIPWRIGHTS |
| 1 Jun 2022 | £202,862 | £199,995 | 12 STATION ROAD |
| 27 May 2022 | £368,952 | £362,000 | OLD HOUSE, 29 WEST STREET |
This house has a floor area of 78 sq meters or 839 sq feet when measured on 2 Aug 2021. Using an estimated price of £486,681 means this house is valued at £6,239 per sq meter (£579 per sq foot).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Blithe Court |
| Feb 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Parking Area |
| Feb 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Parking Area |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Parking Area |
| Jan 2024 | Violence and sexual offences | On or near Wivenhoe (Station) |