£423,725
This estimated value is based upon the latest sale price for the house of £350,000 on 25 Oct 2019. This value is then adjusted by the current Official House Price Index for ESSEX 1
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Office 9, Cedar House, Hainault Business Park, 58 Peregrine Road, Hainault, IG6 3SZ
Phone: 02045162057
| Price Paid | Date |
|---|---|
| £350,000 | 25 Oct 2019 |
| Terraced |
| Freehold |
| Floor Area: 65 sq meters or 699 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 £350,000 results in an estimated price of approximately £423,725.
| 25 Oct 2019 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.2 | 146.7 | 21.064 % | £350,000 | £73,725 | £423,725 |
The Postcode Pricing Model uses changes in average sales price within the IG7 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 | 11.909 % | £41,681 | £391,681 |
| 3 Month Average | -18.126 % | £-63,440 | £286,559 |
| 6 Month Average | -13.736 % | £-48,075 | £301,924 |
This house has a floor area of 65 sq meters or 699 sq feet when measured on 1 Jul 2019.
The average size of a house on LAMBOURNE ROAD is 161 sq meters (1,737 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Lambourne Crescent |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Lambourne Crescent |
| Feb 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Lambourne Crescent |
| Feb 2024 | Anti-social behaviour | On or near Faversham Close | |
| Feb 2024 | Anti-social behaviour | On or near Faversham Close |