£402,034
This estimated value is based upon the latest sale price for the house of £395,000 on 21 Dec 2023. This value is then adjusted by the current Official House Price Index for ESSEX 1
There has been one burglary within the last year on or near Marlowe Close
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| Price Paid | Date |
|---|---|
| £395,000 | 21 Dec 2023 |
| £188,000 | 24 May 2013 |
| £192,000 | 18 Aug 2006 |
| £67,500 | 30 Jan 1998 |
| Semi-Detached |
| Freehold |
| Floor Area: 66 sq meters or 710 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 December 2023 the House Price Index for ESSEX was 146.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 1.781%.Applying this 1.781% change to the original purchase price of £395,000 results in an estimated price of approximately £402,034.
| 21 Dec 2023 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.0 | 148.6 | 1.781 % | £395,000 | £7,034 | £402,034 |
The Postcode Pricing Model uses changes in average sales price within the CM9 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 | 20.050 % | £79,197 | £474,197 |
| 3 Month Average | 0.194 % | £766 | £395,766 |
| 6 Month Average | 3.294 % | £13,012 | £408,012 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 21 Dec 2023 | £402,034 | £395,000 | 32 RIDGEWAY |
| 15 Dec 2023 | £356,233 | £350,000 | 29 BLYTHE WAY |
| 25 Aug 2023 | £450,945 | £447,000 | 11 JOHNSTON WAY |
| 9 Jun 2023 | £501,070 | £495,000 | 15 JOHNSTON WAY |
| 12 Apr 2023 | £318,429 | £315,000 | 14 RIDGEWAY |
This house has a floor area of 66 sq meters or 710 sq feet when measured on 14 Jan 2013. Using an estimated price of £402,034 means this house is valued at £6,091 per sq meter (£565 per sq foot).
The average size of a house on RIDGEWAY is 70 sq meters (755 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Burglary | Investigation complete; no suspect identified | On or near Marlowe Close |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Browning Road |
| Jan 2024 | Violence and sexual offences | Awaiting court outcome | On or near Dryden Close |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Dryden Close |
| Dec 2023 | Anti-social behaviour | On or near Milton Road |