£507,266
This estimated value is based upon the latest sale price for the house of £385,000 on 14 Nov 2016. This value is then adjusted by the current Official House Price Index for ESSEX 1
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Market House, Market Place, Braintree, CM7 3HG
Phone: 01376409817
| Price Paid | Date |
|---|---|
| £385,000 | 14 Nov 2016 |
| £189,000 | 26 Mar 2002 |
| £140,000 | 8 Jun 2000 |
| £140,000 | 20 Apr 2000 |
| £134,500 | 15 Dec 1995 |
| Detached |
| Freehold |
| Floor Area: 119 sq meters or 1,280 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 November 2016 the House Price Index for ESSEX was 112.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 31.758%.Applying this 31.758% change to the original purchase price of £385,000 results in an estimated price of approximately £507,266.
| 14 Nov 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 112.8 | 148.6 | 31.758 % | £385,000 | £122,266 | £507,266 |
The Postcode Pricing Model uses changes in average sales price within the CM7 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 | 11.797 % | £45,417 | £430,417 |
| 3 Month Average | 1.986 % | £7,645 | £392,645 |
| 6 Month Average | 14.671 % | £56,481 | £441,481 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 12 Dec 2023 | £244,274 | £240,000 | 33 FARTHING CLOSE |
| 8 Dec 2023 | £305,342 | £300,000 | 31 SOVEREIGN CLOSE |
| 28 Apr 2023 | £270,917 | £268,000 | 9 SOVEREIGN CLOSE |
| 24 Feb 2023 | £359,758 | £360,000 | 29 SOVEREIGN CLOSE |
| 10 Feb 2023 | £455,693 | £456,000 | 8 SOVEREIGN CLOSE |
This house has a floor area of 119 sq meters or 1,280 sq feet when measured on 6 Jun 2016. Using an estimated price of £507,267 means this house is valued at £4,262 per sq meter (£396 per sq foot).
The average size of a house on SOVEREIGN CLOSE is 87 sq meters (937 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Vehicle crime | Investigation complete; no suspect identified | On or near Farthing Close |
| Mar 2024 | Vehicle crime | Under investigation | On or near Hatches Mews |
| Dec 2023 | Other theft | Investigation complete; no suspect identified | On or near Hatches Mews |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Anson Way |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Bridport Way |