£499,130
This estimated value is based upon the latest sale price for the house of £275,000 on 12 Jul 2005. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £275,000 | 12 Jul 2005 |
| Detached |
| Freehold |
| Floor Area: 126 sq meters or 1,356 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 July 2005 the House Price Index for ESSEX was 80.8.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 81.502%.Applying this 81.502% change to the original purchase price of £275,000 results in an estimated price of approximately £499,130.
| 12 Jul 2005 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 80.8 | 146.7 | 81.502 % | £275,000 | £224,130 | £499,130 |
The Postcode Pricing Model uses changes in average sales price within the CO2 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 | 63.127 % | £173,598 | £448,598 |
| 3 Month Average | 69.004 % | £189,762 | £464,762 |
| 6 Month Average | 78.167 % | £214,959 | £489,959 |
This house has a floor area of 126 sq meters or 1,356 sq feet when measured on 30 Oct 2013.
The average size of a house on MERSEA ROAD is 94 sq meters (1,019 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Mulberry Avenue |
| Jan 2024 | Other crime | Further action is not in the public interest | On or near Mulberry Avenue |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Mulberry Avenue |
| Dec 2023 | Other theft | Investigation complete; no suspect identified | On or near Mulberry Avenue |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Petrol Station |