£664,743
This estimated value is based upon the latest sale price for the house of £118,000 on 1 Apr 1996. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £118,000 | 1 Apr 1996 |
| Detached |
| Freehold |
| Floor Area: 135 sq meters or 1,453 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 April 1996 the House Price Index for ESSEX was 26.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 463.342%.Applying this 463.342% change to the original purchase price of £118,000 results in an estimated price of approximately £664,743.
| 1 Apr 1996 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 26.4 | 148.6 | 463.342 % | £118,000 | £546,743 | £664,743 |
The Postcode Pricing Model uses changes in average sales price within the CM0 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 | 438.194 % | £517,068 | £635,068 |
| 3 Month Average | 469.042 % | £553,469 | £671,469 |
| 6 Month Average | 540.307 % | £637,561 | £755,561 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 19 Dec 2023 | £478,370 | £470,000 | 15 SHEERWATER CLOSE |
| 17 Nov 2023 | £715,594 | £705,000 | 7 WAYFARER GARDENS |
| 11 Aug 2023 | £585,119 | £580,000 | 11 SHEERWATER CLOSE |
| 19 Apr 2023 | £556,997 | £551,000 | 14 FAIRWAY DRIVE |
| 13 Feb 2023 | £804,459 | £805,000 | 11 DRAGON CLOSE |
This house has a floor area of 135 sq meters or 1,453 sq feet when measured on 7 Dec 2017. Using an estimated price of £664,743 means this house is valued at £4,924 per sq meter (£457 per sq foot).
The average size of a house on FAIRWAY DRIVE is 145 sq meters (1,563 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Fairway Drive |
| Jan 2024 | Violence and sexual offences | Action to be taken by another organisation | On or near Fernlea Road |
| Jan 2024 | Violence and sexual offences | Action to be taken by another organisation | On or near Fernlea Road |
| Jan 2024 | Violence and sexual offences | Action to be taken by another organisation | On or near Sheerwater Close |
| Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Falklands Road |