£333,693
This estimated value is based upon the latest sale price for the house of £325,000 on 31 May 2022. This value is then adjusted by the current Official House Price Index for ESSEX 1
Get our free house price tracker.
| Price Paid | Date |
|---|---|
| £325,000 | 31 May 2022 |
| £69,000 | 31 Jan 1996 |
| Detached |
| Freehold |
| Floor Area: 96 sq meters or 1,033 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 May 2022 the House Price Index for ESSEX was 145.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.675%.Applying this 2.675% change to the original purchase price of £325,000 results in an estimated price of approximately £333,693.
| 31 May 2022 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 145.8 | 149.7 | 2.675 % | £325,000 | £8,693 | £333,693 |
The Postcode Pricing Model uses changes in average sales price within the CO14 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 | -24.013 % | £-78,040 | £246,959 |
| 3 Month Average | 18.381 % | £59,737 | £384,737 |
| 6 Month Average | 18.472 % | £60,032 | £385,032 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 22 Jun 2023 | £459,202 | £450,000 | 1 NAZECLIFF GARDENS |
| 22 Jun 2023 | £341,851 | £335,000 | 16 LOUISE CLOSE |
| 20 Jan 2023 | £265,710 | £265,000 | 53 NAZE PARK ROAD |
| 31 May 2022 | £333,693 | £325,000 | 29 THIRD AVENUE |
| 2 Nov 2021 | £256,037 | £235,000 | 17 THIRD AVENUE |
This house has a floor area of 96 sq meters or 1,033 sq feet when measured on 15 Sep 2020. Using an estimated price of £333,693 means this house is valued at £3,475 per sq meter (£322 per sq foot).
The average size of a house on THIRD AVENUE is 91 sq meters (984 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Other crime | Formal action is not in the public interest | On or near Third Avenue |
| Aug 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Second Avenue |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Louise Close |
| Sep 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Naze Park Road |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near First Avenue |