£211,862
This estimated value is based upon the latest sale price for the house of £175,000 on 18 Oct 2019. This value is then adjusted by the current Official House Price Index for ESSEX 1
There has been one burglary within the last year on or near Somerset Close
More crime details
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| Price Paid | Date |
|---|---|
| £175,000 | 18 Oct 2019 |
| £110,000 | 5 Sep 2013 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 70 sq meters or 753 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 2019 the House Price Index for ESSEX was 121.2.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 21.064%.Applying this 21.064% change to the original purchase price of £175,000 results in an estimated price of approximately £211,862.
| 18 Oct 2019 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.2 | 146.7 | 21.064 % | £175,000 | £36,862 | £211,862 |
The Postcode Pricing Model uses changes in average sales price within the CO2 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 | 9.459 % | £16,553 | £191,553 |
| 3 Month Average | 7.103 % | £12,429 | £187,429 |
| 6 Month Average | 24.313 % | £42,547 | £217,547 |
This house has a floor area of 70 sq meters or 753 sq feet when measured on 16 Jan 2013.
The average size of a house on SOMERSET CLOSE is 127 sq meters (1,367 sq feet).
This house is the smallest in the street with a floor area of 70 sq meters (753 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Public order | Unable to prosecute suspect | On or near Somerset Close |
| Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Somerset Close |
| Dec 2023 | Burglary | Investigation complete; no suspect identified | On or near Somerset Close |
| Mar 2024 | Public order | Unable to prosecute suspect | On or near Devon Road |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Eldred Avenue |