£506,502
This estimated value is based upon the latest sale price for the house of £500,000 on 13 Nov 2023. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £500,000 | 13 Nov 2023 |
| £310,000 | 5 May 2005 |
| £212,500 | 27 Mar 2002 |
| £184,950 | 13 Aug 1998 |
| Detached |
| Freehold |
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 146.1.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 1.300%.Applying this 1.300% change to the original purchase price of £500,000 results in an estimated price of approximately £506,502.
| 13 Nov 2023 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.1 | 148.0 | 1.300 % | £500,000 | £6,502 | £506,502 |
The Postcode Pricing Model uses changes in average sales price within the CO6 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 | 7.522 % | £37,611 | £537,611 |
| 3 Month Average | -4.355 % | £-21,774 | £478,225 |
| 6 Month Average | -9.228 % | £-46,141 | £453,858 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Dec 2023 | £339,421 | £333,000 | 31 MALTINGS PARK ROAD |
| 13 Nov 2023 | £506,502 | £500,000 | 2 SHIRE LANE |
| 10 Nov 2023 | £283,641 | £280,000 | 2 DRAY COURT MALTINGS PARK |
| 3 Jul 2023 | £210,996 | £209,000 | 11 DANIELLS HOUSE COLCHESTER ROAD |
| 13 Feb 2023 | £363,282 | £365,000 | 10 MALTINGS PARK ROAD |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Garret Place |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Armoury Road |
| Mar 2024 | Public order | Investigation complete; no suspect identified | On or near Armoury Road |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Armoury Road |
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Ormonde Close |