£363,148
This estimated value is based upon the latest sale price for the house of £337,000 on 24 Sep 2021. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £337,000 | 24 Sep 2021 |
| £159,000 | 4 Dec 2002 |
| Detached |
| Freehold |
| Floor Area: 83 sq meters or 893 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 September 2021 the House Price Index for ESSEX was 137.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 7.759%.Applying this 7.759% change to the original purchase price of £337,000 results in an estimated price of approximately £363,148.
| 24 Sep 2021 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 137.9 | 148.6 | 7.759 % | £337,000 | £26,148 | £363,148 |
The Postcode Pricing Model uses changes in average sales price within the SS8 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 | 5.347 % | £18,018 | £355,018 |
| 3 Month Average | 11.309 % | £38,110 | £375,110 |
| 6 Month Average | 12.578 % | £42,386 | £379,386 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 11 Sep 2023 | £259,822 | £256,500 | 31 SHELL BEACH ROAD |
| 31 Jul 2023 | £390,252 | £385,000 | 195 EASTERN ESPLANADE |
| 24 Mar 2023 | £353,329 | £350,000 | 6 KEER AVENUE |
| 12 Aug 2022 | £264,289 | £265,000 | 11 KEER AVENUE |
| 5 Aug 2022 | £259,302 | £260,000 | 23 SHELL BEACH ROAD |
This house has a floor area of 83 sq meters or 893 sq feet when measured on 18 Jun 2021. Using an estimated price of £363,149 means this house is valued at £4,375 per sq meter (£406 per sq foot).
The average size of a house on EASTERN ESPLANADE is 82 sq meters (884 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Weel Road |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Weel Road |
| Dec 2023 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Weel Road |
| Jan 2024 | Other theft | Unable to prosecute suspect | On or near Lottem Road |
| Dec 2023 | Criminal damage and arson | Unable to prosecute suspect | On or near Lottem Road |