£261,093
This estimated value is based upon the latest sale price for the house of £180,000 on 24 Apr 2015. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £180,000 | 24 Apr 2015 |
| Semi-Detached |
| Freehold |
| Floor Area: 39 sq meters or 422 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 April 2015 the House Price Index for ESSEX was 101.1.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 45.052%.Applying this 45.052% change to the original purchase price of £180,000 results in an estimated price of approximately £261,093.
| 24 Apr 2015 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 101.1 | 146.7 | 45.052 % | £180,000 | £81,093 | £261,093 |
The Postcode Pricing Model uses changes in average sales price within the CO3 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 | 38.744 % | £69,739 | £249,739 |
| 3 Month Average | 46.500 % | £83,699 | £263,699 |
| 6 Month Average | 52.629 % | £94,731 | £274,731 |
This house has a floor area of 39 sq meters or 422 sq feet when measured on 23 Feb 2011.
The average size of a house on SPRING LANE is 118 sq meters (1,276 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Possession of weapons | Awaiting court outcome | On or near Cymbeline Way (Colchester By Pass) |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Jacqueline Court |
| Feb 2024 | Other crime | Investigation complete; no suspect identified | On or near Jacqueline Court |
| Feb 2024 | Drugs | Local resolution | On or near Jacqueline Court |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Jacqueline Court |