£232,067
This estimated value is based upon the latest sale price for the house of £213,000 on 30 Nov 2021. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £213,000 | 30 Nov 2021 |
| £183,000 | 22 Nov 2018 |
| £105,000 | 17 Oct 2003 |
| £53,000 | 21 Jul 2000 |
| £35,000 | 19 Dec 1997 |
| Terraced |
| Freehold |
| Floor Area: 53 sq meters or 570 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 2021 the House Price Index for ESSEX was 137.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 8.952%.Applying this 8.952% change to the original purchase price of £213,000 results in an estimated price of approximately £232,067.
| 30 Nov 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 137.4 | 149.7 | 8.952 % | £213,000 | £19,067 | £232,067 |
The Postcode Pricing Model uses changes in average sales price within the CO9 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 | -24.536 % | £-52,261 | £160,738 |
| 3 Month Average | 6.415 % | £13,664 | £226,664 |
| 6 Month Average | 8.681 % | £18,490 | £231,490 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 21 Dec 2023 | £128,963 | £125,000 | 12 TRINITY ROAD |
| 28 Nov 2023 | £123,125 | £120,000 | 40 NEW STREET |
| 13 Nov 2023 | £197,001 | £192,000 | 10 TRINITY ROAD |
| 28 Apr 2023 | £216,041 | £212,000 | 21 NEW STREET |
| 11 Apr 2023 | £188,526 | £185,000 | 7A NEW STREET |
This house has a floor area of 53 sq meters or 570 sq feet when measured on 27 Jun 2018. Using an estimated price of £232,068 means this house is valued at £4,378 per sq meter (£406 per sq foot).
The average size of a house on NEW STREET is 75 sq meters (808 sq feet).