£425,135
This estimated value is based upon the latest sale price for the house of £327,000 on 2 Feb 2017. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £327,000 | 2 Feb 2017 |
| 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 February 2017 the House Price Index for ESSEX was 114.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 30.011%.Applying this 30.011% change to the original purchase price of £327,000 results in an estimated price of approximately £425,135.
| 2 Feb 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 114.3 | 148.6 | 30.011 % | £327,000 | £98,135 | £425,135 |
The Postcode Pricing Model uses changes in average sales price within the SS8 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 | 32.673 % | £106,840 | £433,840 |
| 3 Month Average | 22.994 % | £75,189 | £402,189 |
| 6 Month Average | 36.434 % | £119,137 | £446,137 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 14 Aug 2023 | £343,001 | £340,000 | 55 KITKATTS ROAD |
| 18 Jul 2023 | £364,911 | £360,000 | 62 THE PARKWAY |
| 2 Feb 2023 | £439,704 | £440,000 | 11 BAY CLOSE |
| 7 Sep 2022 | £560,474 | £565,000 | SHAMBLES THORNEY BAY ROAD |
| 9 Aug 2022 | £548,524 | £550,000 | 143 THORNEY BAY ROAD |
This house has a floor area of 114 sq meters or 1,227 sq feet when measured on 4 May 2016. Using an estimated price of £425,136 means this house is valued at £3,729 per sq meter (£346 per sq foot).
The average size of a house on BAY CLOSE is 104 sq meters (1,125 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 |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Bay Close |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Bay Close |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Bay Close |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Bay Close |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Bay Close |