£365,258
This estimated value is based upon the latest sale price for the house of £325,000 on 20 Aug 2021. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £325,000 | 20 Aug 2021 |
| 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 August 2021 the House Price Index for ESSEX was 133.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 12.387%.Applying this 12.387% change to the original purchase price of £325,000 results in an estimated price of approximately £365,258.
| 20 Aug 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 133.2 | 149.7 | 12.387 % | £325,000 | £40,258 | £365,258 |
The Postcode Pricing Model uses changes in average sales price within the CO16 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 | 10.967 % | £35,643 | £360,643 |
| 3 Month Average | -10.434 % | £-33,910 | £291,089 |
| 6 Month Average | -4.295 % | £-13,960 | £311,039 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 26 Jan 2023 | £330,884 | £330,000 | 2 COTTAGE GROVE |
| 16 Sep 2022 | £279,813 | £280,000 | 3 BOCKINGS GROVE |
| 30 May 2022 | £359,362 | £350,000 | 7 COTTAGE GROVE |
| 28 Apr 2022 | £150,426 | £145,000 | 50 LAND CLOSE |
| 20 Aug 2021 | £365,259 | £325,000 | 2 SPRING CLOSE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Other theft | Under investigation | On or near Parry Drive |
| Oct 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Land Close |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Orchard Close |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Orchard Close |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Orchard Close |