£302,871
This estimated value is based upon the latest sale price for the house of £275,000 on 25 Aug 2021. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £275,000 | 25 Aug 2021 |
| £120,000 | 30 Nov 2018 |
| £147,000 | 14 Nov 2013 |
| Terraced |
| Freehold |
| Floor Area: 72 sq meters or 775 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 August 2021 the House Price Index for ESSEX was 133.2.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 10.135%.Applying this 10.135% change to the original purchase price of £275,000 results in an estimated price of approximately £302,871.
| 25 Aug 2021 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 133.2 | 146.7 | 10.135 % | £275,000 | £27,871 | £302,871 |
The Postcode Pricing Model uses changes in average sales price within the CO2 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 | 5.586 % | £15,361 | £290,361 |
| 3 Month Average | 6.347 % | £17,452 | £292,452 |
| 6 Month Average | 20.508 % | £56,396 | £331,396 |
This house has a floor area of 72 sq meters or 775 sq feet when measured on 7 Dec 2012.
The average size of a house on MERSEA ROAD is 94 sq meters (1,019 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Drugs | Under investigation | On or near Stansted Road |
| Feb 2024 | Violence and sexual offences | Awaiting court outcome | On or near Stansted Road |
| Feb 2024 | Shoplifting | Awaiting court outcome | On or near Stansted Road |
| Jan 2024 | Shoplifting | Local resolution | On or near Stansted Road |
| Jan 2024 | Anti-social behaviour | On or near Stansted Road |