£369,405
This estimated value is based upon the latest sale price for the house of £285,000 on 3 Mar 2017. This value is then adjusted by the current Official House Price Index for ESSEX 1
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Price Paid | Date |
---|---|
£285,000 | 3 Mar 2017 |
£180,000 | 6 Jun 2014 |
Detached |
Freehold |
Floor Area: 167 sq meters or 1,797 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 March 2017 the House Price Index for ESSEX was 114.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 29.616%.Applying this 29.616% change to the original purchase price of £285,000 results in an estimated price of approximately £369,405.
3 Mar 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
114.6 | 148.6 | 29.616 % | £285,000 | £84,405 | £369,405 |
The Postcode Pricing Model uses changes in average sales price within the CO15 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 | 7.723 % | £22,010 | £307,010 |
3 Month Average | 15.520 % | £44,231 | £329,231 |
6 Month Average | 19.032 % | £54,242 | £339,242 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
5 Mar 2024 | £232,000 | £232,000 | 31 THE DRIVE |
29 Sep 2023 | £222,849 | £220,000 | 165 BURRS ROAD |
25 Aug 2023 | £290,542 | £288,000 | 140B BURRS ROAD |
19 Jul 2023 | £226,042 | £223,000 | 3 COOLYNE WAY |
20 Feb 2023 | £202,364 | £202,500 | 23 THE DRIVE |
This house has a floor area of 167 sq meters or 1,797 sq feet when measured on 19 Jun 2013. Using an estimated price of £369,405 means this house is valued at £2,212 per sq meter (£205 per sq foot).
The average size of a house on BURRS ROAD is 88 sq meters (957 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Feb 2024 | Anti-social behaviour | On or near Meadow Close | |
Feb 2024 | Anti-social behaviour | On or near Meadow Close | |
Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near The Crescent |
Jan 2024 | Anti-social behaviour | On or near Laurel Close | |
Jan 2024 | Anti-social behaviour | On or near Laurel Close |