£532,049
This estimated value is based upon the latest sale price for the house of £440,000 on 7 Jul 2020. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £440,000 | 7 Jul 2020 |
| £425,000 | 5 May 2016 |
| £290,700 | 27 Apr 2012 |
| Detached |
| Freehold |
| Floor Area: 60 sq meters or 651 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 July 2020 the House Price Index for ESSEX was 122.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 20.920%.Applying this 20.920% change to the original purchase price of £440,000 results in an estimated price of approximately £532,049.
| 7 Jul 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 122.9 | 148.6 | 20.920 % | £440,000 | £92,049 | £532,049 |
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 | -2.921 % | £-12,854 | £427,145 |
| 3 Month Average | 6.738 % | £29,647 | £469,647 |
| 6 Month Average | 16.609 % | £73,079 | £513,079 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 16 Nov 2023 | £345,109 | £340,000 | 41 AXIAL DRIVE |
| 18 Jul 2023 | £466,276 | £460,000 | 12 SPINDLE STREET |
| 3 Jul 2023 | £202,729 | £200,000 | 205 AXIAL DRIVE |
| 21 Apr 2023 | £267,884 | £265,000 | 15 MOTOR WALK |
| 13 Jan 2023 | £259,279 | £260,500 | 12 MOTOR WALK |
This house has a floor area of 60 sq meters or 651 sq feet when measured on 13 Jun 2011. Using an estimated price of £532,049 means this house is valued at £8,791 per sq meter (£816 per sq foot).
The average size of a house on AXIAL DRIVE is 83 sq meters (896 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Axial Drive |
| Dec 2023 | Violence and sexual offences | Offender given a caution | On or near Fan Avenue |
| Dec 2023 | Vehicle crime | Investigation complete; no suspect identified | On or near Apprentice Drive |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Blade Road |
| Feb 2024 | Other theft | Investigation complete; no suspect identified | On or near Blade Road |