£197,370
This estimated value is based upon the latest sale price for the house of £40,000 on 17 Oct 1997. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £40,000 | 17 Oct 1997 |
| £31,000 | 4 Sep 1996 |
| Terraced |
| Freehold |
| Floor Area: 112 sq meters or 1,205 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 1997 the House Price Index for ESSEX was 30.0.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 393.427%.Applying this 393.427% change to the original purchase price of £40,000 results in an estimated price of approximately £197,370.
| 17 Oct 1997 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 30.0 | 148.0 | 393.427 % | £40,000 | £157,370 | £197,370 |
The Postcode Pricing Model uses changes in average sales price within the CO4 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 | 276.085 % | £110,433 | £150,433 |
| 3 Month Average | 375.927 % | £150,370 | £190,370 |
| 6 Month Average | 378.512 % | £151,404 | £191,404 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Apr 2023 | £142,056 | £141,000 | 109B FOREST ROAD |
| 24 Apr 2023 | £253,887 | £252,000 | 20 ALEFOUNDER CLOSE |
| 22 Feb 2023 | £243,847 | £245,000 | 1 PENRICE CLOSE |
| 23 Mar 2022 | £242,538 | £235,000 | 123 FOREST ROAD |
| 21 Jan 2022 | £283,003 | £270,000 | 39 AFFLECK ROAD |
This house has a floor area of 112 sq meters or 1,205 sq feet when measured on 15 Oct 2019. Using an estimated price of £197,371 means this house is valued at £1,762 per sq meter (£163 per sq foot).
The average size of a house on FOREST ROAD is 90 sq meters (970 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Vehicle crime | Under investigation | On or near Penrice Close |
| Feb 2024 | Violence and sexual offences | Action to be taken by another organisation | On or near Penrice Close |
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Penrice Close |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Balfe Court |
| Feb 2024 | Anti-social behaviour | On or near Balfe Court |