£410,663
This estimated value is based upon the latest sale price for the house of £347,500 on 14 Oct 2020. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £347,500 | 14 Oct 2020 |
| Detached |
| Freehold |
| Floor Area: 198 sq meters or 2,131 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 October 2020 the House Price Index for ESSEX was 126.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 18.177%.Applying this 18.177% change to the original purchase price of £347,500 results in an estimated price of approximately £410,663.
| 14 Oct 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 126.7 | 149.7 | 18.177 % | £347,500 | £63,163 | £410,663 |
The Postcode Pricing Model uses changes in average sales price within the CO15 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 | 16.591 % | £57,654 | £405,154 |
| 3 Month Average | 14.243 % | £49,496 | £396,996 |
| 6 Month Average | 14.677 % | £51,000 | £398,500 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 May 2024 | £200,000 | £200,000 | 56 HAYES ROAD |
| 28 Mar 2024 | £135,415 | £133,334 | FLAT 2 DORSET HOUSE, 26 WELLESLEY ROAD |
| 19 Oct 2023 | £136,433 | £133,334 | FLAT 1 DORSET HOUSE, 26 WELLESLEY ROAD |
| 9 Aug 2023 | £132,388 | £130,000 | FLAT 4 WAYPOND COURT WELLESLEY ROAD |
| 30 Jun 2023 | £136,061 | £133,334 | FLAT 3 DORSET HOUSE, 26 WELLESLEY ROAD |
This house has a floor area of 198 sq meters or 2,131 sq feet when measured on 7 Aug 2018. Using an estimated price of £410,664 means this house is valued at £2,074 per sq meter (£192 per sq foot).
The average size of a house on WELLESLEY ROAD is 93 sq meters (1,010 sq feet).