£196,269
This estimated value is based upon the latest sale price for the house of £120,000 on 26 Jan 2007. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £120,000 | 26 Jan 2007 |
| £70,000 | 21 Sep 2001 |
| £40,000 | 14 Apr 1997 |
| 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 January 2007 the House Price Index for ESSEX was 90.5.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 63.558%.Applying this 63.558% change to the original purchase price of £120,000 results in an estimated price of approximately £196,269.
| 26 Jan 2007 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 90.5 | 148.0 | 63.558 % | £120,000 | £76,269 | £196,269 |
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 | 57.266 % | £68,719 | £188,719 |
| 3 Month Average | 72.866 % | £87,439 | £207,439 |
| 6 Month Average | 68.751 % | £82,500 | £202,500 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 13 Mar 2024 | £270,915 | £270,000 | 114 MAGNOLIA DRIVE |
| 10 Aug 2023 | £236,438 | £235,000 | 100 MAGNOLIA DRIVE |
| 27 May 2022 | £251,742 | £248,000 | 3 ARIEL CLOSE |
| 15 Feb 2022 | £261,115 | £250,000 | 24 ROSALIND CLOSE |
| 29 Sep 2021 | £150,254 | £140,000 | 32 FERDINAND WALK |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Drugs | Local resolution | On or near Magnolia Drive |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Magnolia Drive |
| Mar 2024 | Violence and sexual offences | Awaiting court outcome | On or near Magnolia Drive |
| Feb 2024 | Vehicle crime | Under investigation | On or near Magnolia Drive |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Magnolia Drive |