£459,340
This estimated value is based upon the latest sale price for the house of £443,000 on 29 Nov 2023. This value is then adjusted by the current Official House Price Index for ESSEX 1
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8 Cambridge Road, Stansted, CM24 8BZ
Phone: 01279246659
| Price Paid | Date |
|---|---|
| £443,000 | 29 Nov 2023 |
| £370,000 | 18 Oct 2017 |
| £225,000 | 26 Mar 2010 |
| Semi-Detached |
| Freehold |
| Floor Area: 46 sq meters or 505 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 2023 the House Price Index for ESSEX was 97.6.
The House Price Index as of 1 Dec 2024 is 101.2 which is a change of 3.689%.Applying this 3.689% change to the original purchase price of £443,000 results in an estimated price of approximately £459,340.
| 29 Nov 2023 | 1 Dec 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 97.6 | 101.2 | 3.689 % | £443,000 | £16,340 | £459,340 |
The Postcode Pricing Model uses changes in average sales price within the CM24 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 | -43.307 % | £-191,849 | £251,150 |
| 3 Month Average | -20.887 % | £-92,531 | £350,468 |
| 6 Month Average | -5.499 % | £-24,361 | £418,638 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 17 Dec 2024 | £600,000 | £600,000 | 17 HAMPTON ROAD |
| 29 Nov 2023 | £459,340 | £443,000 | 2 PALMER CLOSE |
| 28 Sep 2023 | £510,642 | £495,000 | 32 HAMPTON ROAD |
| 30 Jun 2023 | £530,144 | £516,000 | 82 WALSON WAY |
| 6 Dec 2022 | £499,442 | £495,000 | 4 HERRINGTON AVENUE |
This house has a floor area of 46 sq meters or 505 sq feet when measured on 23 Oct 2008. Using an estimated price of £459,340 means this house is valued at £9,787 per sq meter (£909 per sq foot).
The average size of a house on PALMER CLOSE is 83 sq meters (896 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Drugs | Under investigation | On or near Palmer Close |
| Dec 2024 | Public order | Unable to prosecute suspect | On or near Walson Way |
| Jan 2025 | Other theft | Action to be taken by another organisation | On or near Parsonage Lane |
| Nov 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Clarke Close |
| Dec 2024 | Violence and sexual offences | Under investigation | On or near Manor Road |