£554,980
This estimated value is based upon the latest sale price for the house of £480,000 on 4 Dec 2020. This value is then adjusted by the current Official House Price Index for ESSEX 1
There has been one burglary within the last year on or near Ridgeway
More crime details
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Price Paid | Date |
---|---|
£480,000 | 4 Dec 2020 |
£345,000 | 15 May 2012 |
£309,500 | 29 Jan 2009 |
£183,500 | 17 Aug 2001 |
Detached |
Freehold |
Floor Area: 146 sq meters or 1,577 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 December 2020 the House Price Index for ESSEX was 129.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 15.621%.Applying this 15.621% change to the original purchase price of £480,000 results in an estimated price of approximately £554,980.
4 Dec 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
129.5 | 149.7 | 15.621 % | £480,000 | £74,980 | £554,980 |
The Postcode Pricing Model uses changes in average sales price within the CM9 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 | -39.538 % | £-189,783 | £290,216 |
3 Month Average | 13.782 % | £66,153 | £546,153 |
6 Month Average | 1.299 % | £6,237 | £486,237 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
21 Dec 2023 | £407,522 | £395,000 | 32 RIDGEWAY |
25 Aug 2023 | £455,210 | £447,000 | 11 JOHNSTON WAY |
28 Jun 2023 | £441,345 | £432,500 | 4 MIROSA REACH |
9 Jun 2023 | £505,123 | £495,000 | 15 JOHNSTON WAY |
12 Apr 2023 | £321,004 | £315,000 | 14 RIDGEWAY |
This house has a floor area of 146 sq meters or 1,577 sq feet when measured on 27 Mar 2012. Using an estimated price of £554,980 means this house is valued at £3,787 per sq meter (£351 per sq foot).
The average size of a house on MARINERS WAY is 101 sq meters (1,093 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
May 2024 | Burglary | Unable to prosecute suspect | On or near Ridgeway |
May 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Ridgeway |
Apr 2024 | Other theft | Unable to prosecute suspect | On or near Johnston Way |
Apr 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Johnston Way |
May 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Mariners Way |