£288,214
This estimated value is based upon the latest sale price for the house of £235,000 on 15 Nov 2019. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £235,000 | 15 Nov 2019 |
| £164,000 | 13 Jul 2007 |
| £126,000 | 15 Dec 2003 |
| £74,000 | 21 Aug 2000 |
| £53,000 | 17 Jul 1996 |
| Terraced |
| Freehold |
| Floor Area: 70 sq meters or 753 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 November 2019 the House Price Index for ESSEX was 121.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 22.645%.Applying this 22.645% change to the original purchase price of £235,000 results in an estimated price of approximately £288,214.
| 15 Nov 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.2 | 148.6 | 22.645 % | £235,000 | £53,214 | £288,214 |
The Postcode Pricing Model uses changes in average sales price within the CO4 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 | 26.992 % | £63,431 | £298,431 |
| 3 Month Average | -1.205 % | £-2,832 | £232,167 |
| 6 Month Average | 11.535 % | £27,106 | £262,106 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Dec 2023 | £646,308 | £635,000 | 2 BORGES GARDENS |
| 9 Nov 2023 | £527,814 | £520,000 | 16 HOWARDS CROFT |
| 23 Jun 2023 | £252,053 | £249,000 | 56 NAYLAND ROAD |
| 28 Apr 2023 | £424,571 | £420,000 | 22 STUDDS LANE |
| 16 Jan 2023 | £288,640 | £290,000 | 89 NAYLAND ROAD |
This house has a floor area of 70 sq meters or 753 sq feet when measured on 26 Feb 2019. Using an estimated price of £288,215 means this house is valued at £4,117 per sq meter (£382 per sq foot).
The average size of a house on STUDDS LANE is 94 sq meters (1,013 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Drugs | Local resolution | On or near Studd'S Lane |
| Mar 2024 | Bicycle theft | Investigation complete; no suspect identified | On or near Supermarket |
| Mar 2024 | Anti-social behaviour | On or near Leech'S Lane | |
| Mar 2024 | Criminal damage and arson | Under investigation | On or near Leech'S Lane |
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Leech'S Lane |