£366,085
This estimated value is based upon the latest sale price for the house of £365,000 on 15 Nov 2024. This value is then adjusted by the current Official House Price Index for ESSEX 1
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8 Cambridge Road, Stansted, CM24 8BZ
Phone: 01279246659
| Price Paid | Date |
|---|---|
| £365,000 | 15 Nov 2024 |
| £210,000 | 4 Jan 2012 |
| Semi-Detached |
| 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 November 2024 the House Price Index for ESSEX was 100.9.
The House Price Index as of 1 Dec 2024 is 101.2 which is a change of 0.297%.Applying this 0.297% change to the original purchase price of £365,000 results in an estimated price of approximately £366,085.
| 15 Nov 2024 | 1 Dec 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 100.9 | 101.2 | 0.297 % | £365,000 | £1,085 | £366,085 |
The Postcode Pricing Model uses changes in average sales price within the CM24 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 | -36.641 % | £-133,739 | £231,260 |
| 3 Month Average | -11.860 % | £-43,290 | £321,709 |
| 6 Month Average | -2.542 % | £-9,276 | £355,723 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Nov 2024 | £366,085 | £365,000 | 3 BANKS LANE |
| 4 Nov 2024 | £461,368 | £460,000 | 3 LIVINGS WAY |
| 11 Sep 2023 | £737,594 | £715,000 | 8 REEVE ROAD |
| 30 Jun 2023 | £428,430 | £417,000 | 6 CARTERS DRIVE |
| 27 Apr 2023 | £472,130 | £460,000 | 34 LIVINGS WAY |
This house has a floor area of 72 sq meters or 775 sq feet when measured on 9 Dec 2011. Using an estimated price of £366,085 means this house is valued at £5,084 per sq meter (£472 per sq foot).
The average size of a house on BANKS LANE is 146 sq meters (1,580 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2025 | Violence and sexual offences | Unable to prosecute suspect | On or near Reeve Road |
| Jan 2025 | Violence and sexual offences | Unable to prosecute suspect | On or near Reeve Road |
| Jan 2025 | Vehicle crime | Under investigation | On or near Reeve Road |
| Dec 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Reeve Road |
| Nov 2024 | Violence and sexual offences | Under investigation | On or near Reeve Road |