£284,041
This estimated value is based upon the latest sale price for the house of £245,000 on 4 Nov 2020. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £245,000 | 4 Nov 2020 |
| £225,000 | 9 Dec 2019 |
| £225,000 | 12 Jul 2018 |
| £212,250 | 9 May 2014 |
| £169,950 | 7 Nov 2003 |
| £113,995 | 22 Nov 2001 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 68 sq meters or 731 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 2020 the House Price Index for ESSEX was 128.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 15.935%.Applying this 15.935% change to the original purchase price of £245,000 results in an estimated price of approximately £284,041.
| 4 Nov 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 128.2 | 148.6 | 15.935 % | £245,000 | £39,041 | £284,041 |
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 | -16.314 % | £-39,969 | £205,030 |
| 3 Month Average | -1.028 % | £-2,518 | £242,481 |
| 6 Month Average | 2.782 % | £6,815 | £251,815 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 17 Nov 2023 | £126,873 | £124,995 | 7B CLIFF ROAD |
| 10 Aug 2023 | £211,853 | £210,000 | 19 CLIFF ROAD |
| 17 Mar 2023 | £181,712 | £180,000 | 10 LEE ROAD |
| 27 Jan 2023 | £218,969 | £220,000 | 26 THE GABLES |
| 28 Apr 2022 | £267,748 | £260,000 | FLAT 6 THE MARINERS MARINE PARADE |
This house has a floor area of 68 sq meters or 731 sq feet when measured on 16 Jul 2013. Using an estimated price of £284,042 means this house is valued at £4,177 per sq meter (£388 per sq foot).
The average size of a house on MARINE PARADE is 179 sq meters (1,935 sq feet).