£542,851
This estimated value is based upon the latest sale price for the house of £430,000 on 23 Mar 2018. This value is then adjusted by the current Official House Price Index for ESSEX 1
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High Street, Ongar, CM5 9AA
Phone: 01277699428
| Price Paid | Date |
|---|---|
| £430,000 | 23 Mar 2018 |
| Semi-Detached |
| Freehold |
| Floor Area: 102 sq meters or 1,097 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 2018 the House Price Index for ESSEX was 118.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 26.245%.Applying this 26.245% change to the original purchase price of £430,000 results in an estimated price of approximately £542,851.
| 23 Mar 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 118.6 | 149.7 | 26.245 % | £430,000 | £112,851 | £542,851 |
The Postcode Pricing Model uses changes in average sales price within the CM5 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 | 8.480 % | £36,463 | £466,463 |
| 3 Month Average | 20.642 % | £88,762 | £518,762 |
| 6 Month Average | 42.910 % | £184,511 | £614,511 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 22 Nov 2023 | £468,903 | £457,000 | 7 BOWES DRIVE |
| 16 Oct 2023 | £532,085 | £520,000 | 16 BOWES DRIVE |
| 29 Sep 2023 | £439,693 | £430,000 | 37 BOWES DRIVE |
| 21 Apr 2023 | £458,577 | £450,000 | 26 BOWES DRIVE |
| 2 Sep 2022 | £439,706 | £440,000 | 7 VICTORIA ROAD |
This house has a floor area of 102 sq meters or 1,097 sq feet when measured on 27 Jan 2017. Using an estimated price of £542,852 means this house is valued at £5,322 per sq meter (£494 per sq foot).
The average size of a house on BOWES DRIVE is 102 sq meters (1,100 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Public order | Unable to prosecute suspect | On or near Barron'S Close |
| Nov 2024 | Public order | Under investigation | On or near Victoria Road |
| Sep 2024 | Other crime | Under investigation | On or near Victoria Road |
| Sep 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Victoria Road |
| Aug 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Victoria Road |