£471,951
This estimated value is based upon the latest sale price for the house of £128,000 on 9 Oct 2000. 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 New Road
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| Price Paid | Date |
|---|---|
| £128,000 | 9 Oct 2000 |
| Semi-Detached |
| Freehold |
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 2000 the House Price Index for ESSEX was 40.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 268.712%.Applying this 268.712% change to the original purchase price of £128,000 results in an estimated price of approximately £471,951.
| 9 Oct 2000 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 40.6 | 149.7 | 268.712 % | £128,000 | £343,951 | £471,951 |
The Postcode Pricing Model uses changes in average sales price within the CO5 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 | 247.399 % | £316,670 | £444,670 |
| 3 Month Average | 240.516 % | £307,860 | £435,860 |
| 6 Month Average | 237.718 % | £304,278 | £432,278 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Oct 2023 | £373,483 | £365,000 | LILAC COTTAGE COLCHESTER ROAD |
| 10 Oct 2023 | £399,064 | £390,000 | 1 OSBORNE COTTAGES SCHOOL ROAD |
| 15 Sep 2023 | £613,525 | £600,000 | MESSING PARK FARM HOUSE |
| 25 Aug 2023 | £539,735 | £530,000 | THE BUNGALOW THE STREET |
| 18 Jul 2022 | £601,022 | £595,000 | WATERFORD HOUSE, 10 OAK ROAD |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Burglary | Under investigation | On or near New Road |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Cedar Avenue |
| Oct 2024 | Anti-social behaviour | On or near Cedar Avenue | |
| Oct 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Cedar Avenue |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Cedar Avenue |