£378,111
This estimated value is based upon the latest sale price for the house of £310,000 on 6 Jan 2020. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £310,000 | 6 Jan 2020 |
| Detached |
| Freehold |
| Floor Area: 82 sq meters or 882 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 January 2020 the House Price Index for ESSEX was 121.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 21.971%.Applying this 21.971% change to the original purchase price of £310,000 results in an estimated price of approximately £378,111.
| 6 Jan 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.8 | 148.6 | 21.971 % | £310,000 | £68,111 | £378,111 |
The Postcode Pricing Model uses changes in average sales price within the CO1 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 | 1708.985 % | £5,297,853 | £5,607,853 |
| 3 Month Average | 0.963 % | £2,984 | £312,984 |
| 6 Month Average | 1.110 % | £3,439 | £313,439 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 14 Jun 2023 | £344,169 | £340,000 | 20 LINCOLN WAY |
| 2 Jun 2023 | £334,046 | £330,000 | 53 GUILDFORD ROAD |
| 22 Feb 2023 | £339,771 | £340,000 | 3 LEICESTER CLOSE |
| 28 Nov 2022 | £281,589 | £285,000 | GARAGE K YORK PLACE |
| 28 Nov 2022 | £281,589 | £285,000 | 7 YORK PLACE |
This house has a floor area of 82 sq meters or 882 sq feet when measured on 25 Mar 2019. Using an estimated price of £378,111 means this house is valued at £4,611 per sq meter (£428 per sq foot).
The average size of a house on INVERNESS CLOSE is 131 sq meters (1,416 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Vehicle crime | Awaiting court outcome | On or near Worcester Road |
| Dec 2023 | Vehicle crime | Awaiting court outcome | On or near Worcester Road |
| Dec 2023 | Vehicle crime | Unable to prosecute suspect | On or near Norwich Close |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Durham Square |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Durham Square |