£580,024
This estimated value is based upon the latest sale price for the house of £400,000 on 22 Jul 2015. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £400,000 | 22 Jul 2015 |
| £325,000 | 12 Sep 2002 |
| Detached |
| Freehold |
| Floor Area: 119 sq meters or 1,280 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 2015 the House Price Index for ESSEX was 103.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 45.006%.Applying this 45.006% change to the original purchase price of £400,000 results in an estimated price of approximately £580,024.
| 22 Jul 2015 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 103.2 | 149.7 | 45.006 % | £400,000 | £180,024 | £580,024 |
The Postcode Pricing Model uses changes in average sales price within the CO11 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 | 45.030 % | £180,120 | £580,120 |
| 3 Month Average | 54.717 % | £218,866 | £618,866 |
| 6 Month Average | 43.942 % | £175,766 | £575,766 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 31 Oct 2023 | £526,969 | £515,000 | 33 KILN LANE |
| 12 Oct 2023 | £639,525 | £625,000 | 2 ERSKINE ROAD |
| 23 Jun 2023 | £469,407 | £460,000 | 2 CENTRAL MALTINGS |
| 17 Mar 2023 | £420,930 | £413,900 | 3 ENGLISH TERRACE |
| 27 Jul 2022 | £404,049 | £400,000 | 21 KILN LANE |
This house has a floor area of 119 sq meters or 1,280 sq feet when measured on 8 May 2015. Using an estimated price of £580,025 means this house is valued at £4,874 per sq meter (£452 per sq foot).
The average size of a house on KILN LANE is 100 sq meters (1,084 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Other crime | Unable to prosecute suspect | On or near Parking Area |
| Aug 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Parking Area |
| Sep 2024 | Anti-social behaviour | On or near Kiln Lane | |
| Sep 2024 | Anti-social behaviour | On or near Kiln Lane | |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Hilton Close |