£190,193
This estimated value is based upon the latest sale price for the house of £35,000 on 16 Dec 1996. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £35,000 | 16 Dec 1996 |
| Semi-Detached |
| Freehold |
| Floor Area: 35 sq meters or 377 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 December 1996 the House Price Index for ESSEX was 27.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 443.410%.Applying this 443.410% change to the original purchase price of £35,000 results in an estimated price of approximately £190,193.
| 16 Dec 1996 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 27.5 | 149.7 | 443.410 % | £35,000 | £155,193 | £190,193 |
The Postcode Pricing Model uses changes in average sales price within the CO15 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 | 380.893 % | £133,312 | £168,312 |
| 3 Month Average | 421.321 % | £147,462 | £182,462 |
| 6 Month Average | 399.120 % | £139,692 | £174,692 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 27 Oct 2023 | £109,998 | £107,500 | 111 WELLESLEY ROAD |
| 27 Oct 2023 | £109,998 | £107,500 | FLAT 2 111 WELLESLEY ROAD |
| 16 Jun 2023 | £265,317 | £260,000 | 110 WELLESLEY ROAD |
| 1 Feb 2023 | £229,533 | £228,000 | DENVER, 2A CAMBRIDGE ROAD |
| 23 Jan 2023 | £240,643 | £240,000 | 135 WELLESLEY ROAD |
This house has a floor area of 35 sq meters or 377 sq feet when measured on 2 Apr 2009. Using an estimated price of £190,193 means this house is valued at £5,418 per sq meter (£503 per sq foot).
The average size of a house on WELLESLEY ROAD is 93 sq meters (1,010 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Public order | Under investigation | On or near Wellesley Road |
| Sep 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Wellesley Road |
| Aug 2024 | Anti-social behaviour | On or near Wellesley Road | |
| Aug 2024 | Anti-social behaviour | On or near Wellesley Road | |
| Aug 2024 | Anti-social behaviour | On or near Wellesley Road |