£359,009
This estimated value is based upon the latest sale price for the house of £265,000 on 8 Jul 2016. This value is then adjusted by the current Official House Price Index for ESSEX 1
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8 Cambridge Road, Stansted, CM24 8BZ
Phone: 01279246659
| Price Paid | Date |
|---|---|
| £265,000 | 8 Jul 2016 |
| £205,000 | 18 May 2009 |
| £82,500 | 20 Aug 1998 |
| Terraced |
| Freehold |
| Floor Area: 68 sq meters or 731 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 2016 the House Price Index for ESSEX was 74.7.
The House Price Index as of 1 Dec 2024 is 101.2 which is a change of 35.475%.Applying this 35.475% change to the original purchase price of £265,000 results in an estimated price of approximately £359,009.
| 8 Jul 2016 | 1 Dec 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 74.7 | 101.2 | 35.475 % | £265,000 | £94,009 | £359,009 |
The Postcode Pricing Model uses changes in average sales price within the CM24 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 | -24.816 % | £-65,762 | £199,237 |
| 3 Month Average | -2.253 % | £-5,970 | £259,029 |
| 6 Month Average | 2.103 % | £5,571 | £270,571 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Dec 2023 | £479,423 | £460,000 | 11 RECREATION GROUND |
| 20 Nov 2023 | £321,434 | £310,000 | 7 WOODFIELD CLOSE |
| 15 Jul 2022 | £868,889 | £850,000 | 55 RECREATION GROUND |
| 8 Apr 2022 | £204,497 | £195,000 | 3 OLD COURT HOUSE CHAPEL HILL |
| 28 Feb 2022 | £586,427 | £550,500 | 6 WOODFIELD TERRACE |
This house has a floor area of 68 sq meters or 731 sq feet when measured on 14 Jun 2019. Using an estimated price of £359,009 means this house is valued at £5,279 per sq meter (£490 per sq foot).
The average size of a house on SPENCER CLOSE is 76 sq meters (828 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2025 | Public order | Unable to prosecute suspect | On or near Chapel Hill |
| Dec 2024 | Other theft | Investigation complete; no suspect identified | On or near Chapel Hill |
| Nov 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Chapel Hill |
| Oct 2024 | Anti-social behaviour | On or near Chapel Hill | |
| Oct 2024 | Anti-social behaviour | On or near Chapel Hill |