£171,494
This estimated value is based upon the latest sale price for the house of £138,000 on 12 Dec 2018. This value is then adjusted by the current Official House Price Index for ESSEX 1
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Unit 1, Office 4 Capricorn House, Basildon, SS14 3JJ
Phone: 01268987780
| Price Paid | Date |
|---|---|
| £138,000 | 12 Dec 2018 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 43 sq meters or 462 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 December 2018 the House Price Index for ESSEX was 120.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.271%.Applying this 24.271% change to the original purchase price of £138,000 results in an estimated price of approximately £171,494.
| 12 Dec 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.5 | 149.7 | 24.271 % | £138,000 | £33,494 | £171,494 |
The Postcode Pricing Model uses changes in average sales price within the SS13 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 | 1.667 % | £2,300 | £140,300 |
| 3 Month Average | 19.159 % | £26,439 | £164,439 |
| 6 Month Average | 27.296 % | £37,668 | £175,668 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 7 Dec 2023 | £257,926 | £250,000 | 64 GREAT RANTON |
| 23 Jun 2023 | £287,767 | £282,000 | 10 GREAT RANTON |
| 17 Mar 2023 | £320,350 | £315,000 | 40 GREAT RANTON |
| 2 Feb 2023 | £211,412 | £210,000 | 12 ORLANDO DRIVE |
| 6 Jan 2023 | £176,722 | £176,250 | 5 RIFFAMS DRIVE |
This house has a floor area of 43 sq meters or 462 sq feet when measured on 4 Oct 2012. Using an estimated price of £171,494 means this house is valued at £3,988 per sq meter (£370 per sq foot).
The average size of a house on RIFFAMS DRIVE is 62 sq meters (668 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Riffams Drive |