£291,323
This estimated value is based upon the latest sale price for the house of £235,000 on 2 Aug 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 Grooms Lane
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The Corner House, Market Place, Braintree, CM7 3HQ
Phone: 01376409831
| Price Paid | Date |
|---|---|
| £235,000 | 2 Aug 2019 |
| Terraced |
| 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 August 2019 the House Price Index for ESSEX was 120.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 23.967%.Applying this 23.967% change to the original purchase price of £235,000 results in an estimated price of approximately £291,323.
| 2 Aug 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.8 | 149.7 | 23.967 % | £235,000 | £56,323 | £291,323 |
The Postcode Pricing Model uses changes in average sales price within the CM8 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 | 15.704 % | £36,905 | £271,905 |
| 3 Month Average | 5.637 % | £13,245 | £248,245 |
| 6 Month Average | 4.998 % | £11,746 | £246,746 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Dec 2023 | £363,159 | £352,000 | 11 GROOMS LANE |
| 4 Dec 2023 | £335,303 | £325,000 | 64 DANIEL WAY |
| 27 Oct 2023 | £345,343 | £337,500 | 43 DANIEL WAY |
| 24 Aug 2023 | £402,255 | £395,000 | 40 DANIEL WAY |
| 7 Jun 2023 | £285,726 | £280,000 | 26 WESTERN ROAD |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Burglary | Investigation complete; no suspect identified | On or near Grooms Lane |
| Sep 2024 | Public order | Investigation complete; no suspect identified | On or near Abraham Drive |
| Jul 2024 | Public order | Formal action is not in the public interest | On or near Abraham Drive |
| Aug 2024 | Burglary | Investigation complete; no suspect identified | On or near Crittall Close |
| Oct 2024 | Vehicle crime | Under investigation | On or near Joseph Gardens |