£277,252
This estimated value is based upon the latest sale price for the house of £225,000 on 15 May 2020. 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 Queen Mary Avenue
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| Price Paid | Date |
|---|---|
| £225,000 | 15 May 2020 |
| £225,000 | 15 May 2020 |
| Terraced |
| Freehold |
| Floor Area: 86 sq meters or 925 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 May 2020 the House Price Index for ESSEX was 121.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 23.224%.Applying this 23.224% change to the original purchase price of £225,000 results in an estimated price of approximately £277,252.
| 15 May 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.5 | 149.7 | 23.224 % | £225,000 | £52,252 | £277,252 |
The Postcode Pricing Model uses changes in average sales price within the CO2 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 | 21.140 % | £47,565 | £272,565 |
| 3 Month Average | 16.489 % | £37,099 | £262,099 |
| 6 Month Average | 21.533 % | £48,449 | £273,449 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 Apr 2024 | £340,457 | £337,500 | 5 BRITANNIA MEWS |
| 25 Oct 2023 | £133,021 | £130,000 | FLAT 11 CHRISTOPHER JOLLY COURT KING GEORGE ROAD |
| 29 Sep 2023 | £375,273 | £367,000 | 2 BRITANNIA MEWS |
| 1 Mar 2023 | £284,755 | £280,000 | 65 QUEEN MARY AVENUE |
| 3 Feb 2023 | £269,299 | £267,500 | 78 POWNALL CRESCENT |
This house has a floor area of 86 sq meters or 925 sq feet when measured on 27 Jan 2020. Using an estimated price of £277,253 means this house is valued at £3,223 per sq meter (£299 per sq foot).
The average size of a house on KING GEORGE ROAD is 91 sq meters (986 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Nov 2024 | Burglary | Investigation complete; no suspect identified | On or near Queen Mary Avenue |
| Nov 2024 | Violence and sexual offences | Under investigation | On or near Queen Mary Avenue |
| Nov 2024 | Other theft | Investigation complete; no suspect identified | On or near Queen Mary Avenue |
| Oct 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Queen Mary Avenue |
| Oct 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Queen Mary Avenue |