£225,602
This estimated value is based upon the latest sale price for the house of £190,000 on 18 Sep 2020. This value is then adjusted by the current Official House Price Index for ESSEX 1
Get our free house price tracker.
| Price Paid | Date |
|---|---|
| £190,000 | 18 Sep 2020 |
| £141,000 | 31 Aug 2011 |
| £49,995 | 20 May 1997 |
| Semi-Detached |
| Freehold |
| Floor Area: 62 sq meters or 671 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 September 2020 the House Price Index for ESSEX was 125.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 18.738%.Applying this 18.738% change to the original purchase price of £190,000 results in an estimated price of approximately £225,602.
| 18 Sep 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 125.1 | 148.6 | 18.738 % | £190,000 | £35,602 | £225,602 |
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 | -48.782 % | £-92,686 | £97,313 |
| 3 Month Average | 1.479 % | £2,810 | £192,810 |
| 6 Month Average | 16.086 % | £30,562 | £220,562 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Sep 2023 | £121,554 | £120,000 | 71 MELTON CLOSE |
| 15 Jun 2023 | £253,065 | £250,000 | 15 CAVENDISH DRIVE |
| 9 Feb 2023 | £354,761 | £355,000 | 23 CAVENDISH DRIVE |
| 20 Jun 2022 | £243,435 | £239,995 | 27 CAVENDISH DRIVE |
| 4 Apr 2022 | £250,241 | £243,000 | 9 CAVENDISH DRIVE |
This house has a floor area of 62 sq meters or 671 sq feet when measured on 17 Aug 2011. Using an estimated price of £225,602 means this house is valued at £3,615 per sq meter (£335 per sq foot).
The average size of a house on CAVENDISH DRIVE is 77 sq meters (833 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Public order | Unable to prosecute suspect | On or near Melton Close |