£368,875
This estimated value is based upon the latest sale price for the house of £282,500 on 13 Mar 2017. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £282,500 | 13 Mar 2017 |
| £176,500 | 29 Jan 2016 |
| Detached |
| Freehold |
| Floor Area: 74 sq meters or 796 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 March 2017 the House Price Index for ESSEX was 114.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 30.575%.Applying this 30.575% change to the original purchase price of £282,500 results in an estimated price of approximately £368,875.
| 13 Mar 2017 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 114.6 | 149.7 | 30.575 % | £282,500 | £86,375 | £368,875 |
The Postcode Pricing Model uses changes in average sales price within the CO16 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 | -2.109 % | £-5,957 | £276,542 |
| 3 Month Average | 15.000 % | £42,375 | £324,875 |
| 6 Month Average | 19.592 % | £55,347 | £337,847 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 19 Apr 2024 | £464,030 | £460,000 | 4 BROCKHAM CLOSE |
| 3 Oct 2023 | £335,111 | £327,500 | 4 HOLMWOOD CLOSE |
| 18 Aug 2023 | £203,673 | £200,000 | 1 GRIER WAY |
| 10 Nov 2022 | £293,627 | £295,000 | 8 OTTERSHAW WAY |
| 20 Oct 2022 | £318,935 | £320,000 | 7 NICHOLLS WAY |
This house has a floor area of 74 sq meters or 796 sq feet when measured on 5 Jan 2017. Using an estimated price of £368,876 means this house is valued at £4,984 per sq meter (£463 per sq foot).
The average size of a house on OTTERSHAW WAY is 103 sq meters (1,110 sq feet).
This house is the smallest in the street with a floor area of 74 sq meters (796 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Elm Farm Drive |
| Aug 2024 | Violence and sexual offences | Under investigation | On or near Cleave Close |
| Aug 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Grier Way |
| Aug 2024 | Public order | Investigation complete; no suspect identified | On or near Cranleigh Close |
| Sep 2024 | Other crime | Under investigation | On or near Little Clacton Road |