£253,763
This estimated value is based upon the latest sale price for the house of £50,000 on 28 Aug 1997. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £50,000 | 28 Aug 1997 |
| Semi-Detached |
| Freehold |
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 August 1997 the House Price Index for ESSEX was 29.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 407.526%.Applying this 407.526% change to the original purchase price of £50,000 results in an estimated price of approximately £253,763.
| 28 Aug 1997 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 29.5 | 149.7 | 407.526 % | £50,000 | £203,763 | £253,763 |
The Postcode Pricing Model uses changes in average sales price within the CO5 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 | 390.732 % | £195,366 | £245,366 |
| 3 Month Average | 392.539 % | £196,269 | £246,269 |
| 6 Month Average | 402.527 % | £201,263 | £251,263 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 17 May 2024 | £265,000 | £265,000 | 2 GRAYS CLOSE |
| 27 Oct 2023 | £327,437 | £320,000 | 16 GRAYS CLOSE |
| 6 Jan 2023 | £250,670 | £250,000 | 38 KINGSLAND ROAD |
| 19 Aug 2022 | £326,527 | £325,000 | 39A KINGSLAND ROAD |
| 30 Sep 2021 | £510,218 | £470,000 | 44 MELROSE ROAD |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Parking Area |
| Aug 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Parking Area |
| Jul 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Parking Area |
| Jul 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Parking Area |
| Jul 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Grays Close |