£216,097
This estimated value is based upon the latest sale price for the house of £125,000 on 31 Oct 2011. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £125,000 | 31 Oct 2011 |
| £132,500 | 28 Oct 2011 |
| £154,500 | 24 Aug 2007 |
| £136,995 | 17 Mar 2003 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 77 sq meters or 837 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 October 2011 the House Price Index for ESSEX was 86.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 72.878%.Applying this 72.878% change to the original purchase price of £125,000 results in an estimated price of approximately £216,097.
| 31 Oct 2011 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.0 | 148.6 | 72.878 % | £125,000 | £91,097 | £216,097 |
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 | 74.654 % | £93,317 | £218,317 |
| 3 Month Average | 43.685 % | £54,606 | £179,606 |
| 6 Month Average | 65.445 % | £81,806 | £206,806 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 11 Sep 2023 | £217,785 | £215,000 | 7 WALLACE ROAD |
| 29 Jun 2023 | £212,575 | £210,000 | 32 WALLACE ROAD |
| 9 Jun 2023 | £303,678 | £300,000 | 2 KNEVETT CLOSE |
| 20 Jan 2023 | £343,382 | £345,000 | 125 HAKEWILL WAY |
| 27 Jul 2022 | £167,952 | £167,500 | 5 WALLACE ROAD |
This house has a floor area of 77 sq meters or 837 sq feet when measured on 7 Feb 2011. Using an estimated price of £216,098 means this house is valued at £2,775 per sq meter (£257 per sq foot).
The average size of a house on WALLACE ROAD is 68 sq meters (733 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Anti-social behaviour | On or near Wallace Road | |
| Jan 2024 | Burglary | Investigation complete; no suspect identified | On or near Hakewill Way |
| Mar 2024 | Other theft | Unable to prosecute suspect | On or near Hutley Drive |
| Mar 2024 | Robbery | Under investigation | On or near Bardsley Close |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Bardsley Close |