£347,250
This estimated value is based upon the latest sale price for the house of £254,500 on 20 Apr 2016. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £254,500 | 20 Apr 2016 |
| Semi-Detached |
| Freehold |
| Floor Area: 94 sq meters or 1,011 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 April 2016 the House Price Index for ESSEX was 109.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 36.444%.Applying this 36.444% change to the original purchase price of £254,500 results in an estimated price of approximately £347,250.
| 20 Apr 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 109.7 | 149.7 | 36.444 % | £254,500 | £92,750 | £347,250 |
The Postcode Pricing Model uses changes in average sales price within the CO2 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 | 10.629 % | £27,051 | £281,551 |
| 3 Month Average | 43.564 % | £110,870 | £365,370 |
| 6 Month Average | 37.787 % | £96,168 | £350,668 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Sep 2024 | £425,000 | £425,000 | 211A MERSEA ROAD |
| 21 Dec 2023 | £257,926 | £250,000 | 2 TAMWORTH CHASE |
| 15 Dec 2023 | £198,087 | £192,000 | 1 ARMIDALE WALK |
| 1 Mar 2023 | £274,586 | £270,000 | 89 QUEEN ELIZABETH WAY |
| 23 Jan 2023 | £305,817 | £305,000 | 52 QUEENSLAND DRIVE |
This house has a floor area of 94 sq meters or 1,011 sq feet when measured on 6 Aug 2015. Using an estimated price of £347,250 means this house is valued at £3,694 per sq meter (£343 per sq foot).
The average size of a house on MERSEA ROAD is 94 sq meters (1,019 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Hobart Gardens |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Hobart Gardens |
| Oct 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Tamworth Chase |
| Sep 2024 | Anti-social behaviour | On or near Tamworth Chase | |
| Sep 2024 | Anti-social behaviour | On or near Tamworth Chase |