£264,786
This estimated value is based upon the latest sale price for the house of £248,000 on 29 Nov 2021. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £248,000 | 29 Nov 2021 |
| £177,500 | 28 Apr 2016 |
| £124,000 | 7 Jul 2006 |
| £49,500 | 18 Jun 1999 |
| Terraced |
| Freehold |
| Floor Area: 73 sq meters or 785 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 Feb 2024 is 146.7 which is a change of 6.769%.Applying this 6.769% change to the original purchase price of £248,000 results in an estimated price of approximately £264,786.
| 29 Nov 2021 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 137.4 | 146.7 | 6.769 % | £248,000 | £16,786 | £264,786 |
The Postcode Pricing Model uses changes in average sales price within the CO4 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 | 14.456 % | £35,851 | £283,851 |
| 3 Month Average | -13.399 % | £-33,229 | £214,770 |
| 6 Month Average | 0.805 % | £1,996 | £249,996 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 25 Aug 2023 | £176,544 | £175,000 | 22 ARNOLD DRIVE |
| 30 Jun 2021 | £241,408 | £225,000 | 13 CHASE COURT |
| 22 May 2020 | £162,071 | £132,500 | 17 BALFE COURT |
| 26 Apr 2019 | £247,336 | £200,000 | 26 CHASE COURT |
| 28 Feb 2019 | £179,114 | £145,000 | 24 ARNOLD DRIVE |
This house has a floor area of 73 sq meters or 785 sq feet when measured on 7 Mar 2014.
The average size of a house on PENRICE CLOSE is 93 sq meters (1,005 sq feet).
This house is the smallest in the street with a floor area of 73 sq meters (785 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Penrice Close |
| Feb 2024 | Violence and sexual offences | Action to be taken by another organisation | On or near Penrice Close |
| Dec 2023 | Vehicle crime | Unable to prosecute suspect | On or near Penrice Close |
| Feb 2024 | Anti-social behaviour | On or near Balfe Court | |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Balfe Court |