£277,827
This estimated value is based upon the latest sale price for the house of £255,000 on 10 Nov 2021. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £255,000 | 10 Nov 2021 |
| £189,995 | 31 Mar 2011 |
| Terraced |
| Freehold |
| Floor Area: 75 sq meters or 815 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 November 2021 the House Price Index for ESSEX was 137.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 8.952%.Applying this 8.952% change to the original purchase price of £255,000 results in an estimated price of approximately £277,827.
| 10 Nov 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 137.4 | 149.7 | 8.952 % | £255,000 | £22,827 | £277,827 |
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 | 13.201 % | £33,663 | £288,663 |
| 3 Month Average | -5.360 % | £-13,668 | £241,331 |
| 6 Month Average | -2.346 % | £-5,982 | £249,017 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Mar 2024 | £193,980 | £191,000 | 8 AXIAL DRIVE |
| 3 Nov 2023 | £325,256 | £317,000 | 184 AXIAL DRIVE |
| 15 Sep 2023 | £176,900 | £173,000 | 11 TURBINE ROAD |
| 1 Sep 2023 | £202,463 | £198,000 | 60 AXIAL DRIVE |
| 7 Aug 2023 | £171,086 | £168,000 | 98 AXIAL DRIVE |
This house has a floor area of 75 sq meters or 815 sq feet when measured on 4 Apr 2011. Using an estimated price of £277,828 means this house is valued at £3,667 per sq meter (£340 per sq foot).
The average size of a house on AXIAL DRIVE is 83 sq meters (896 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| May 2024 | Other theft | Investigation complete; no suspect identified | On or near Turbine Road |
| May 2024 | Other theft | Investigation complete; no suspect identified | On or near Turbine Road |
| Jun 2024 | Anti-social behaviour | On or near Blade Road | |
| Jun 2024 | Anti-social behaviour | On or near Blade Road | |
| May 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Blade Road |