£318,125
This estimated value is based upon the latest sale price for the house of £316,000 on 6 Feb 2023. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £316,000 | 6 Feb 2023 |
| £249,000 | 13 Apr 2017 |
| Terraced |
| Freehold |
| Floor Area: 100 sq meters or 1,076 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 February 2023 the House Price Index for ESSEX was 148.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 0.672%.Applying this 0.672% change to the original purchase price of £316,000 results in an estimated price of approximately £318,125.
| 6 Feb 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 148.7 | 149.7 | 0.672 % | £316,000 | £2,125 | £318,125 |
The Postcode Pricing Model uses changes in average sales price within the CM8 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 | -1.219 % | £-3,851 | £312,148 |
| 3 Month Average | -0.708 % | £-2,237 | £313,762 |
| 6 Month Average | 1.947 % | £6,151 | £322,151 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 5 Oct 2023 | £317,204 | £310,000 | 1 POLICE HOUSE, 97 BRAINTREE ROAD |
| 27 Apr 2023 | £402,529 | £395,000 | 9 RICKSTONES ROAD |
| 10 Mar 2023 | £180,515 | £177,500 | FLAT 14 CRITTALL COURT BRAINTREE ROAD |
| 24 Feb 2023 | £302,017 | £300,000 | 7 MEDLAR CLOSE |
| 8 Feb 2023 | £442,959 | £440,000 | 20 RICKSTONES ROAD |
This house has a floor area of 100 sq meters or 1,076 sq feet when measured on 5 Aug 2016. Using an estimated price of £318,125 means this house is valued at £3,181 per sq meter (£295 per sq foot).
The average size of a house on HOMEFIELD ROAD is 97 sq meters (1,047 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Homefield Road |
| Sep 2024 | Criminal damage and arson | Action to be taken by another organisation | On or near Homefield Road |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Homefield Road |
| Sep 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Homefield Road |
| Aug 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Homefield Road |