£419,243
This estimated value is based upon the latest sale price for the house of £175,000 on 17 Apr 2003. This value is then adjusted by the current Official House Price Index for ESSEX 1
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Price Paid | Date |
---|---|
£175,000 | 17 Apr 2003 |
£68,995 | 31 Oct 1996 |
Detached |
Freehold |
Floor Area: 139 sq meters or 1,496 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 April 2003 the House Price Index for ESSEX was 62.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 139.568%.Applying this 139.568% change to the original purchase price of £175,000 results in an estimated price of approximately £419,243.
17 Apr 2003 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
62.0 | 148.6 | 139.568 % | £175,000 | £244,243 | £419,243 |
The Postcode Pricing Model uses changes in average sales price within the SS8 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 | 115.282 % | £201,743 | £376,743 |
3 Month Average | 120.703 % | £211,229 | £386,229 |
6 Month Average | 123.801 % | £216,651 | £391,651 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
6 Jul 2023 | £456,139 | £450,000 | 31B RAINBOW ROAD |
28 Apr 2023 | £166,796 | £165,000 | 81E HIGH STREET |
31 Jan 2023 | £248,828 | £250,000 | 4 CLARENDON ROAD |
23 Nov 2022 | £296,410 | £300,000 | 94 - 98 HIGH STREET |
20 May 2022 | £351,829 | £345,200 | 4A RAINBOW ROAD |
This house has a floor area of 139 sq meters or 1,496 sq feet when measured on 23 Oct 2016. Using an estimated price of £419,244 means this house is valued at £3,016 per sq meter (£280 per sq foot).
The average size of a house on RAINBOW ROAD is 109 sq meters (1,178 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Dec 2023 | Violence and sexual offences | Under investigation | On or near Keegan Place |
Dec 2023 | Violence and sexual offences | Under investigation | On or near Keegan Place |
Jan 2024 | Burglary | Unable to prosecute suspect | On or near Chamberlain Avenue |
Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Chamberlain Avenue |