£215,003
This estimated value is based upon the latest sale price for the house of £42,000 on 31 Jul 1997. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £42,000 | 31 Jul 1997 |
| Terraced |
| Freehold |
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 1997 the House Price Index for ESSEX was 29.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 411.913%.Applying this 411.913% change to the original purchase price of £42,000 results in an estimated price of approximately £215,003.
| 31 Jul 1997 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 29.2 | 149.7 | 411.913 % | £42,000 | £173,003 | £215,003 |
The Postcode Pricing Model uses changes in average sales price within the CM8 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 | 432.993 % | £181,857 | £223,857 |
| 3 Month Average | 468.913 % | £196,943 | £238,943 |
| 6 Month Average | 467.831 % | £196,489 | £238,489 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 21 Apr 2023 | £281,261 | £276,000 | 3 KING EDWARD WAY |
| 29 Jul 2022 | £191,923 | £190,000 | 10 ALLECTUS WAY |
| 8 Jun 2022 | £265,679 | £260,000 | 11 EDMUND ROAD |
| 17 Dec 2021 | £307,603 | £285,000 | 17 TURSTAN ROAD |
| 18 Nov 2021 | £196,114 | £180,000 | 23 CLAUDIUS WAY |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Allectus Way |
| Aug 2024 | Violence and sexual offences | Under investigation | On or near Allectus Way |
| Aug 2024 | Other theft | Unable to prosecute suspect | On or near Allectus Way |
| Oct 2024 | Drugs | Under investigation | On or near Edmund Road |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Edmund Road |