£277,545
This estimated value is based upon the latest sale price for the house of £270,500 on 24 Nov 2023. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £270,500 | 24 Nov 2023 |
| £265,000 | 8 Nov 2021 |
| £85,000 | 18 Feb 2002 |
| £59,995 | 26 Aug 1999 |
| £43,000 | 20 Dec 1996 |
| Terraced |
| Freehold |
| Floor Area: 82 sq meters or 882 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 2023 the House Price Index for ESSEX was 145.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.605%.Applying this 2.605% change to the original purchase price of £270,500 results in an estimated price of approximately £277,545.
| 24 Nov 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 145.9 | 149.7 | 2.605 % | £270,500 | £7,045 | £277,545 |
The Postcode Pricing Model uses changes in average sales price within the CO2 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 | -12.977 % | £-35,102 | £235,397 |
| 3 Month Average | -5.087 % | £-13,760 | £256,739 |
| 6 Month Average | 4.326 % | £11,702 | £282,202 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Nov 2023 | £277,545 | £270,500 | 39 CROMWELL ROAD |
| 1 Nov 2023 | £251,381 | £245,000 | 9 FAIRFAX ROAD |
| 12 Oct 2023 | £196,462 | £192,000 | 14 SHRUBLAND ROAD |
| 28 Sep 2023 | £235,184 | £230,000 | 22 CROMWELL ROAD |
| 8 Jul 2022 | £223,237 | £221,000 | 15 SHRUBLAND ROAD |
This house has a floor area of 82 sq meters or 882 sq feet when measured on 9 Jun 2021. Using an estimated price of £277,545 means this house is valued at £3,384 per sq meter (£314 per sq foot).
The average size of a house on CROMWELL ROAD is 71 sq meters (773 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Nov 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Fairfax Road |
| Oct 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Fairfax Road |
| Sep 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Fairfax Road |
| Sep 2024 | Anti-social behaviour | On or near Fairfax Road | |
| Sep 2024 | Anti-social behaviour | On or near Fairfax Road |