£373,324
This estimated value is based upon the latest sale price for the house of £300,000 on 9 Feb 2018. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £300,000 | 9 Feb 2018 |
| £285,000 | 7 Mar 2017 |
| Terraced |
| Freehold |
| Floor Area: 84 sq meters or 904 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 2018 the House Price Index for ESSEX was 118.9.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 24.442%.Applying this 24.442% change to the original purchase price of £300,000 results in an estimated price of approximately £373,324.
| 9 Feb 2018 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 118.9 | 148.0 | 24.442 % | £300,000 | £73,324 | £373,324 |
The Postcode Pricing Model uses changes in average sales price within the CM9 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 | 32.357 % | £97,072 | £397,072 |
| 3 Month Average | 0.726 % | £2,176 | £302,176 |
| 6 Month Average | 0.183 % | £549 | £300,549 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Nov 2023 | £384,942 | £380,000 | 25 NORTH STREET |
| 26 Jan 2023 | £414,360 | £418,000 | 65 VICTORIA ROAD |
| 25 Oct 2022 | £482,823 | £490,000 | 46 VICTORIA ROAD |
| 30 May 2022 | £451,715 | £445,000 | 9 VICTORIA ROAD |
| 23 Sep 2021 | £193,183 | £180,000 | 195A HIGH STREET |
This house has a floor area of 84 sq meters or 904 sq feet when measured on 21 Sep 2016. Using an estimated price of £373,325 means this house is valued at £4,444 per sq meter (£412 per sq foot).
The average size of a house on VICTORIA ROAD is 104 sq meters (1,125 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Other theft | Under investigation | On or near Downs Road |
| Apr 2024 | Bicycle theft | Investigation complete; no suspect identified | On or near Downs Road |
| Apr 2024 | Other crime | Under investigation | On or near Chelmer Terrace |
| Feb 2024 | Anti-social behaviour | On or near Chelmer Terrace | |
| Feb 2024 | Anti-social behaviour | On or near Chelmer Terrace |