£235,527
This estimated value is based upon the latest sale price for the house of £176,000 on 23 Sep 2016. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £176,000 | 23 Sep 2016 |
| Semi-Detached |
| Freehold |
| Floor Area: 61 sq meters or 656 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 2016 the House Price Index for ESSEX was 111.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 33.822%.Applying this 33.822% change to the original purchase price of £176,000 results in an estimated price of approximately £235,527.
| 23 Sep 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 111.9 | 149.7 | 33.822 % | £176,000 | £59,527 | £235,527 |
The Postcode Pricing Model uses changes in average sales price within the CO16 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 | 20.703 % | £36,437 | £212,437 |
| 3 Month Average | 30.494 % | £53,670 | £229,670 |
| 6 Month Average | 32.996 % | £58,073 | £234,073 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 Jul 2024 | £250,000 | £250,000 | 5 MUNNINGS DRIVE |
| 21 Jun 2024 | £225,000 | £225,000 | 12 CROME ROAD |
| 5 Dec 2023 | £270,822 | £262,500 | 28 CROME ROAD |
| 30 Nov 2023 | £271,902 | £265,000 | 18 MUNNINGS DRIVE |
| 1 Aug 2023 | £341,153 | £335,000 | 3 STANMORE CLOSE |
This house has a floor area of 61 sq meters or 656 sq feet when measured on 19 Aug 2015. Using an estimated price of £235,527 means this house is valued at £3,861 per sq meter (£358 per sq foot).
There is one other house on the street which we know the size of, this is 6 ROMNEY CLOSE it is 60.0
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Romney Close |
| Aug 2024 | Anti-social behaviour | On or near Stanmore Close | |
| Aug 2024 | Anti-social behaviour | On or near Stanmore Close | |
| Aug 2024 | Anti-social behaviour | On or near Stanmore Close | |
| Aug 2024 | Violence and sexual offences | Under investigation | On or near Stanmore Close |