£514,505
This estimated value is based upon the latest sale price for the house of £299,995 on 24 Feb 2012. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £299,995 | 24 Feb 2012 |
| Detached |
| Freehold |
| Floor Area: 163 sq meters or 1,754 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 February 2012 the House Price Index for ESSEX was 86.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 71.505%.Applying this 71.505% change to the original purchase price of £299,995 results in an estimated price of approximately £514,505.
| 24 Feb 2012 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.6 | 148.6 | 71.505 % | £299,995 | £214,510 | £514,505 |
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 | 57.786 % | £173,354 | £473,349 |
| 3 Month Average | 54.631 % | £163,889 | £463,884 |
| 6 Month Average | 68.981 % | £206,939 | £506,934 |
| 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 163 sq meters or 1,754 sq feet when measured on 10 Jun 2021. Using an estimated price of £514,505 means this house is valued at £3,156 per sq meter (£293 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 |