£407,133
This estimated value is based upon the latest sale price for the house of £390,000 on 8 Mar 2022. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £390,000 | 8 Mar 2022 |
| £290,000 | 5 Sep 2016 |
| £90,000 | 31 Mar 1999 |
| £92,500 | 31 Mar 1999 |
| Detached |
| Freehold |
| Floor Area: 98 sq meters or 1,054 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 March 2022 the House Price Index for ESSEX was 143.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 4.393%.Applying this 4.393% change to the original purchase price of £390,000 results in an estimated price of approximately £407,133.
| 8 Mar 2022 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 143.4 | 149.7 | 4.393 % | £390,000 | £17,133 | £407,133 |
The Postcode Pricing Model uses changes in average sales price within the CO3 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 | -9.734 % | £-37,961 | £352,038 |
| 3 Month Average | 4.672 % | £18,221 | £408,221 |
| 6 Month Average | -1.338 % | £-5,217 | £384,782 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 May 2024 | £440,000 | £440,000 | 57 AMBROSE AVENUE |
| 7 Jun 2023 | £591,861 | £580,000 | 41 AMBROSE AVENUE |
| 28 Oct 2022 | £495,346 | £497,000 | 31 SCYTHE WAY |
| 8 Aug 2022 | £150,705 | £150,000 | 3 ACLAND HOUSE ALAN WAY |
| 30 May 2022 | £590,381 | £575,000 | 5 REGENCY GREEN |
This house has a floor area of 98 sq meters or 1,054 sq feet when measured on 25 Feb 2016. Using an estimated price of £407,134 means this house is valued at £4,154 per sq meter (£385 per sq foot).
The average size of a house on SCYTHE WAY is 104 sq meters (1,127 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Scythe Way |
| Oct 2024 | Other theft | Investigation complete; no suspect identified | On or near Ambrose Avenue |
| Oct 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Cape Close |
| Oct 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Reaper Road |
| Sep 2024 | Anti-social behaviour | On or near Reaper Road |