£301,918
This estimated value is based upon the latest sale price for the house of £220,000 on 25 Jan 2016. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £220,000 | 25 Jan 2016 |
| Detached |
| 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 2016 the House Price Index for ESSEX was 108.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 37.235%.Applying this 37.235% change to the original purchase price of £220,000 results in an estimated price of approximately £301,918.
| 25 Jan 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 108.3 | 148.6 | 37.235 % | £220,000 | £81,918 | £301,918 |
The Postcode Pricing Model uses changes in average sales price within the CO5 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 | 16.291 % | £35,840 | £255,840 |
| 3 Month Average | 28.947 % | £63,683 | £283,683 |
| 6 Month Average | 30.780 % | £67,716 | £287,716 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 14 Sep 2023 | £521,670 | £515,000 | 9 COLCHESTER ROAD |
| 8 Jun 2022 | £342,845 | £338,000 | 15 OAKWOOD AVENUE |
| 1 Apr 2022 | £288,344 | £280,000 | 26 OAKWOOD AVENUE |
| 18 Mar 2022 | £310,879 | £300,000 | 3 CONSTABLE CLOSE |
| 22 Nov 2021 | £175,205 | £162,000 | 13 CARRINGTON COURT |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Robbery | Investigation complete; no suspect identified | On or near Constable Close |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Carrington Court |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Carrington Court |
| Feb 2024 | Anti-social behaviour | On or near Carrington Court | |
| Feb 2024 | Anti-social behaviour | On or near Carrington Court |