£296,525
This estimated value is based upon the latest sale price for the house of £240,000 on 28 Nov 2019. This value is then adjusted by the current Official House Price Index for ESSEX 1
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The Corner House, Market Place, Braintree, CM7 3HQ
Phone: 01376409831
| Price Paid | Date |
|---|---|
| £240,000 | 28 Nov 2019 |
| £108,000 | 17 Sep 2003 |
| Terraced |
| Freehold |
| Floor Area: 78 sq meters or 839 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 November 2019 the House Price Index for ESSEX was 121.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 23.552%.Applying this 23.552% change to the original purchase price of £240,000 results in an estimated price of approximately £296,525.
| 28 Nov 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.2 | 149.7 | 23.552 % | £240,000 | £56,525 | £296,525 |
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 | 10.269 % | £24,645 | £264,645 |
| 3 Month Average | 13.626 % | £32,701 | £272,701 |
| 6 Month Average | 8.697 % | £20,873 | £260,873 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 11 Mar 2024 | £264,057 | £260,000 | 56 SPEEDWELL CLOSE |
| 20 Dec 2023 | £304,352 | £295,000 | 73 CORNEL CLOSE |
| 20 Oct 2023 | £296,740 | £290,000 | 34 CORNEL CLOSE |
| 29 Sep 2023 | £271,996 | £266,000 | 69 HONEYSUCKLE WAY |
| 28 Sep 2023 | £306,762 | £300,000 | 23 HONEYSUCKLE WAY |
This house has a floor area of 78 sq meters or 839 sq feet when measured on 31 Jul 2019. Using an estimated price of £296,526 means this house is valued at £3,801 per sq meter (£353 per sq foot).
The average size of a house on CORNEL CLOSE is 89 sq meters (962 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Other theft | Unable to prosecute suspect | On or near Cornel Close |
| Jul 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Cornel Close |
| Jul 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Cornel Close |
| Jun 2024 | Violence and sexual offences | Under investigation | On or near Cornel Close |
| Jun 2024 | Other theft | Unable to prosecute suspect | On or near Cornel Close |