£614,075
This estimated value is based upon the latest sale price for the house of £603,000 on 8 Aug 2023. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £603,000 | 8 Aug 2023 |
| £249,800 | 24 Apr 2012 |
| Detached |
| Freehold |
| Floor Area: 84 sq meters or 910 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 2023 the House Price Index for ESSEX was 147.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 1.837%.Applying this 1.837% change to the original purchase price of £603,000 results in an estimated price of approximately £614,075.
| 8 Aug 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 147.0 | 149.7 | 1.837 % | £603,000 | £11,075 | £614,075 |
The Postcode Pricing Model uses changes in average sales price within the CO3 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 | -19.241 % | £-116,021 | £486,978 |
| 3 Month Average | -7.986 % | £-48,158 | £554,841 |
| 6 Month Average | -6.561 % | £-39,559 | £563,440 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Dec 2023 | £835,679 | £810,000 | 126 STRAIGHT ROAD |
| 29 Sep 2023 | £230,072 | £225,000 | 11 KINGSMEAD HALL WOODLAND DRIVE |
| 10 Aug 2023 | £429,751 | £422,000 | 165 STRAIGHT ROAD |
| 8 Aug 2023 | £614,075 | £603,000 | 17 CHERRYWOOD DRIVE |
| 28 Apr 2023 | £463,673 | £455,000 | 25 CHERRYWOOD DRIVE |
This house has a floor area of 84 sq meters or 910 sq feet when measured on 19 Dec 2011. Using an estimated price of £614,075 means this house is valued at £7,258 per sq meter (£674 per sq foot).
The average size of a house on CHERRYWOOD DRIVE is 129 sq meters (1,395 sq feet).
This house is the smallest in the street with a floor area of 84 sq meters (910 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Nov 2024 | Other theft | Under investigation | On or near Cherrywood Drive |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Woodland Drive |
| Sep 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Weavers Close |
| Sep 2024 | Other theft | Investigation complete; no suspect identified | On or near Weavers Close |
| Nov 2024 | Violence and sexual offences | Under investigation | On or near Christine Chase |