£29,565
This estimated value is based upon the latest sale price for the house of £24,000 on 6 Aug 2018. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £24,000 | 6 Aug 2018 |
| £37,500 | 3 May 2002 |
| Freehold |
| Floor Area: 65 sq meters or 701 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 August 2018 the House Price Index for ESSEX was 120.1.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 23.191%.Applying this 23.191% change to the original purchase price of £24,000 results in an estimated price of approximately £29,565.
| 6 Aug 2018 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.1 | 148.0 | 23.191 % | £24,000 | £5,565 | £29,565 |
The Postcode Pricing Model uses changes in average sales price within the CO15 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 | 39.182 % | £9,403 | £33,403 |
| 3 Month Average | 25.358 % | £6,085 | £30,085 |
| 6 Month Average | 19.299 % | £4,631 | £28,631 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Apr 2023 | £246,835 | £245,000 | 53 WELLESLEY ROAD |
| 21 Mar 2023 | £331,793 | £330,000 | 74 HAYES ROAD |
| 9 Feb 2023 | £632,011 | £635,000 | 66 HAYES ROAD |
| 4 Nov 2022 | £53,138 | £54,000 | FLAT 6 RODNEY COURT, 83 - 85 WELLESLEY ROAD |
| 29 Jul 2022 | £239,676 | £240,000 | 84 WELLESLEY ROAD |
This house has a floor area of 65 sq meters or 701 sq feet when measured on 8 Oct 2009. Using an estimated price of £29,566 means this house is valued at £453 per sq meter (£42 per sq foot).
The average size of a house on WELLESLEY ROAD is 93 sq meters (1,010 sq feet).