£243,025
This estimated value is based upon the latest sale price for the house of £155,500 on 16 Nov 2007. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £155,500 | 16 Nov 2007 |
| £105,000 | 5 Apr 2002 |
| £52,000 | 27 Mar 1997 |
| Semi-Detached |
| Freehold |
| Floor Area: 63 sq meters or 678 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 2007 the House Price Index for ESSEX was 95.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 56.287%.Applying this 56.287% change to the original purchase price of £155,500 results in an estimated price of approximately £243,025.
| 16 Nov 2007 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 95.8 | 149.7 | 56.287 % | £155,500 | £87,525 | £243,025 |
The Postcode Pricing Model uses changes in average sales price within the CO14 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 | 45.802 % | £71,222 | £226,722 |
| 3 Month Average | 56.222 % | £87,425 | £242,925 |
| 6 Month Average | 62.245 % | £96,791 | £252,291 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Oct 2023 | £286,507 | £280,000 | 8 GATEFIELD CLOSE |
| 13 Sep 2023 | £204,508 | £200,000 | 1 ERNEST LUFF COURT LUFF WAY |
| 8 Nov 2022 | £209,023 | £210,000 | 186 ELM TREE AVENUE |
| 26 Aug 2022 | £270,264 | £269,000 | 3 DEVEREAUX CLOSE |
| 8 Jul 2022 | £328,289 | £325,000 | 5 DEVEREAUX CLOSE |
This house has a floor area of 63 sq meters or 678 sq feet when measured on 22 Mar 2012. Using an estimated price of £243,026 means this house is valued at £3,857 per sq meter (£358 per sq foot).
The average size of a house on GATEFIELD CLOSE is 68 sq meters (739 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Public order | Unable to prosecute suspect | On or near Gatefield Close |
| Jul 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Gatefield Close |
| Jun 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Garden Road |
| Jun 2024 | Other theft | Investigation complete; no suspect identified | On or near Luff Way |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Elm Tree Avenue |