£225,162
This estimated value is based upon the latest sale price for the house of £127,000 on 2 Oct 2009. This value is then adjusted by the current Official House Price Index for ESSEX 1
There has been one burglary within the last year on or near Neale Road
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| Price Paid | Date |
|---|---|
| £127,000 | 2 Oct 2009 |
| £115,000 | 15 Dec 2004 |
| £40,000 | 18 Jun 1999 |
| Terraced |
| Freehold |
| Floor Area: 52 sq meters or 568 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 October 2009 the House Price Index for ESSEX was 84.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 77.293%.Applying this 77.293% change to the original purchase price of £127,000 results in an estimated price of approximately £225,162.
| 2 Oct 2009 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 84.4 | 149.7 | 77.293 % | £127,000 | £98,162 | £225,162 |
The Postcode Pricing Model uses changes in average sales price within the CO9 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 | 74.381 % | £94,464 | £221,464 |
| 3 Month Average | 60.215 % | £76,473 | £203,473 |
| 6 Month Average | 70.480 % | £89,509 | £216,509 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 5 Dec 2023 | £206,340 | £200,000 | 13 NEALE ROAD |
| 30 Aug 2023 | £239,316 | £235,000 | 30 NEW STREET |
| 30 Mar 2023 | £300,010 | £295,000 | 6 NEALE ROAD |
| 10 Mar 2023 | £183,057 | £180,000 | 1 NEW STREET |
| 10 Mar 2023 | £300,010 | £295,000 | 2 MITCHELL AVENUE |
This house has a floor area of 52 sq meters or 568 sq feet when measured on 1 Jun 2009. Using an estimated price of £225,162 means this house is valued at £4,264 per sq meter (£396 per sq foot).
The average size of a house on MARTINS ROAD is 76 sq meters (819 sq feet).
This house is the largest in the street with a floor area of 52 sq meters (568 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Burglary | Investigation complete; no suspect identified | On or near Neale Road |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Neale Road |