£247,110
This estimated value is based upon the latest sale price for the house of £120,000 on 27 Apr 2004. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £120,000 | 27 Apr 2004 |
| £42,000 | 4 Nov 1997 |
| Semi-Detached |
| Freehold |
| Floor Area: 95 sq meters or 1,022 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 2004 the House Price Index for ESSEX was 72.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 105.925%.Applying this 105.925% change to the original purchase price of £120,000 results in an estimated price of approximately £247,110.
| 27 Apr 2004 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 72.7 | 149.7 | 105.925 % | £120,000 | £127,110 | £247,110 |
The Postcode Pricing Model uses changes in average sales price within the CO4 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 | 92.221 % | £110,665 | £230,665 |
| 3 Month Average | 88.900 % | £106,679 | £226,679 |
| 6 Month Average | 88.016 % | £105,619 | £225,619 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Nov 2023 | £246,251 | £240,000 | 113 MAGNOLIA DRIVE |
| 1 Jun 2023 | £255,112 | £250,000 | 72 MAGNOLIA DRIVE |
| 14 Apr 2023 | £260,880 | £256,000 | 13 ALMOND WAY |
| 31 Mar 2023 | £315,265 | £310,000 | 49A BROMLEY ROAD |
| 27 May 2022 | £323,426 | £315,000 | 53 MAGNOLIA DRIVE |
This house has a floor area of 95 sq meters or 1,022 sq feet when measured on 19 Jun 2020. Using an estimated price of £247,110 means this house is valued at £2,601 per sq meter (£241 per sq foot).
The average size of a house on MAGNOLIA DRIVE is 84 sq meters (912 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Possession of weapons | Under investigation | On or near Cypress Grove |
| Jul 2024 | Violence and sexual offences | Action to be taken by another organisation | On or near Honeysuckle Way |
| Jul 2024 | Violence and sexual offences | Action to be taken by another organisation | On or near Honeysuckle Way |
| Jul 2024 | Violence and sexual offences | Action to be taken by another organisation | On or near Honeysuckle Way |
| Jul 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Honeysuckle Way |