£457,538
This estimated value is based upon the latest sale price for the house of £345,000 on 1 Jul 2016. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £345,000 | 1 Jul 2016 |
| £249,999 | 14 Dec 2007 |
| Terraced |
| Freehold |
| Floor Area: 168 sq meters or 1,808 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 July 2016 the House Price Index for ESSEX was 111.6.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 32.620%.Applying this 32.620% change to the original purchase price of £345,000 results in an estimated price of approximately £457,538.
| 1 Jul 2016 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 111.6 | 148.0 | 32.620 % | £345,000 | £112,538 | £457,538 |
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 | 1.369 % | £4,722 | £349,722 |
| 3 Month Average | 26.329 % | £90,834 | £435,834 |
| 6 Month Average | 33.708 % | £116,293 | £461,293 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Jul 2023 | £474,488 | £470,000 | 22 GROVES CLOSE |
| 18 Jul 2023 | £10,095 | £10,000 | GARAGE 24 GROVES CLOSE |
| 14 Jul 2023 | £469,441 | £465,000 | 37 GROVES CLOSE |
| 7 Jun 2023 | £166,349 | £165,000 | 36 GROVES CLOSE |
| 2 Jun 2023 | £181,471 | £180,000 | 31 GROVES CLOSE |
This house has a floor area of 168 sq meters or 1,808 sq feet when measured on 29 Aug 2019. Using an estimated price of £457,539 means this house is valued at £2,723 per sq meter (£253 per sq foot).
The average size of a house on GROVES CLOSE is 86 sq meters (933 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Groves Close |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Groves Close |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Groves Close |
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Groves Close |
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Groves Close |