£236,077
This estimated value is based upon the latest sale price for the house of £55,000 on 6 Aug 1999. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £55,000 | 6 Aug 1999 |
| Terraced |
| Freehold |
| Floor Area: 89 sq meters or 957 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 August 1999 the House Price Index for ESSEX was 34.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 329.231%.Applying this 329.231% change to the original purchase price of £55,000 results in an estimated price of approximately £236,077.
| 6 Aug 1999 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 34.6 | 148.6 | 329.231 % | £55,000 | £181,077 | £236,077 |
The Postcode Pricing Model uses changes in average sales price within the CO4 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 | 346.241 % | £190,432 | £245,432 |
| 3 Month Average | 294.269 % | £161,848 | £216,848 |
| 6 Month Average | 340.649 % | £187,356 | £242,356 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 13 Mar 2024 | £270,000 | £270,000 | 114 MAGNOLIA DRIVE |
| 10 Aug 2023 | £237,074 | £235,000 | 100 MAGNOLIA DRIVE |
| 1 Jun 2023 | £253,065 | £250,000 | 72 MAGNOLIA DRIVE |
| 27 May 2022 | £252,763 | £248,000 | 3 ARIEL CLOSE |
| 5 Apr 2022 | £181,245 | £176,000 | 8 WOODROW WAY |
This house has a floor area of 89 sq meters or 957 sq feet when measured on 8 Jan 2019. Using an estimated price of £236,077 means this house is valued at £2,652 per sq meter (£246 per sq foot).
The average size of a house on SEBASTIAN CLOSE is 107 sq meters (1,158 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Possession of weapons | Investigation complete; no suspect identified | On or near Ariel Close |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Ariel Close |
| Dec 2023 | Violence and sexual offences | Under investigation | On or near Ariel Close |
| Mar 2024 | Violence and sexual offences | Awaiting court outcome | On or near Magnolia Drive |
| Mar 2024 | Drugs | Local resolution | On or near Magnolia Drive |