£638,597
This estimated value is based upon the latest sale price for the house of £540,000 on 29 Sep 2020. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £540,000 | 29 Sep 2020 |
| £230,000 | 20 Aug 2007 |
| Detached |
| Freehold |
| Floor Area: 115 sq meters or 1,237 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 September 2020 the House Price Index for ESSEX was 125.1.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 18.259%.Applying this 18.259% change to the original purchase price of £540,000 results in an estimated price of approximately £638,597.
| 29 Sep 2020 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 125.1 | 148.0 | 18.259 % | £540,000 | £98,597 | £638,597 |
The Postcode Pricing Model uses changes in average sales price within the SS9 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 | -9.581 % | £-51,738 | £488,261 |
| 3 Month Average | 11.959 % | £64,580 | £604,580 |
| 6 Month Average | 13.008 % | £70,242 | £610,242 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 4 Dec 2023 | £484,160 | £475,000 | 3 HAMILTON CLOSE |
| 8 Nov 2023 | £392,539 | £387,500 | 106A OLIVE AVENUE |
| 7 Nov 2023 | £278,576 | £275,000 | 1859 LONDON ROAD |
| 11 Jul 2023 | £575,443 | £570,000 | 86 OLIVE AVENUE |
| 11 Oct 2022 | £256,192 | £260,000 | 1843 LONDON ROAD |
This house has a floor area of 115 sq meters or 1,237 sq feet when measured on 7 Sep 2016. Using an estimated price of £638,597 means this house is valued at £5,553 per sq meter (£515 per sq foot).
The average size of a house on OLIVE AVENUE is 109 sq meters (1,176 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Hamilton Close |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Hamilton Close |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Hamilton Close |
| Feb 2024 | Theft from the person | Investigation complete; no suspect identified | On or near Hamilton Close |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Hamilton Close |