£392,408
This estimated value is based upon the latest sale price for the house of £250,000 on 12 May 2008. This value is then adjusted by the current Official House Price Index for ESSEX 1
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UNIT 12, 97 – 101 PEREGRINE ROAD, HAINAULT BUSINESS PARK, ESSEX, IG6 3UT
Phone: 02036415458
Price Paid | Date |
---|---|
£250,000 | 12 May 2008 |
Semi-Detached |
Freehold |
Floor Area: 74 sq meters or 796 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 2008 the House Price Index for ESSEX was 93.5.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 56.963%.Applying this 56.963% change to the original purchase price of £250,000 results in an estimated price of approximately £392,408.
12 May 2008 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
93.5 | 146.7 | 56.963 % | £250,000 | £142,408 | £392,408 |
The Postcode Pricing Model uses changes in average sales price within the IG7 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 | 38.880 % | £97,200 | £347,200 |
3 Month Average | 28.402 % | £71,005 | £321,005 |
6 Month Average | 40.663 % | £101,657 | £351,657 |
This house has a floor area of 74 sq meters or 796 sq feet when measured on 25 Jun 2021.
The average size of a house on ORCHARD WAY is 122 sq meters (1,318 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Orchard Way |
Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Orchard Way |
Mar 2024 | Possession of weapons | Unable to prosecute suspect | On or near Gravel Lane |
Mar 2024 | Burglary | Under investigation | On or near Whitehall Close |
Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Gravel Close |