£244,932
This estimated value is based upon the latest sale price for the house of £180,000 on 1 Mar 2016. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £180,000 | 1 Mar 2016 |
| Semi-Detached |
| Freehold |
| Floor Area: 97 sq meters or 1,044 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 2016 the House Price Index for ESSEX was 110.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 36.074%.Applying this 36.074% change to the original purchase price of £180,000 results in an estimated price of approximately £244,932.
| 1 Mar 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 110.0 | 149.7 | 36.074 % | £180,000 | £64,932 | £244,932 |
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 | 35.540 % | £63,972 | £243,972 |
| 3 Month Average | 47.226 % | £85,006 | £265,006 |
| 6 Month Average | 34.797 % | £62,634 | £242,634 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 23 Aug 2024 | £247,500 | £247,500 | 9 OLIVERS ROAD |
| 27 Oct 2023 | £214,880 | £210,000 | 63 OXFORD CRESCENT |
| 20 Sep 2023 | £146,223 | £143,000 | 43 OXFORD CRESCENT |
| 9 Aug 2023 | £173,122 | £170,000 | GROUND FLOOR FLAT, 150 WELLESLEY ROAD |
| 1 Mar 2023 | £210,516 | £207,000 | 116 OXFORD CRESCENT |
This house has a floor area of 97 sq meters or 1,044 sq feet when measured on 11 Apr 2016. Using an estimated price of £244,933 means this house is valued at £2,525 per sq meter (£234 per sq foot).
The average size of a house on WELLESLEY ROAD is 93 sq meters (1,010 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Olivers Road |
| Jul 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Olivers Road |