£225,729
This estimated value is based upon the latest sale price for the house of £220,000 on 3 Nov 2023. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £220,000 | 3 Nov 2023 |
| £116,000 | 13 Feb 2012 |
| £96,500 | 30 Apr 2004 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 63 sq meters or 682 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 £220,000 results in an estimated price of approximately £225,729.
| 3 Nov 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 145.9 | 149.7 | 2.605 % | £220,000 | £5,729 | £225,729 |
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 % | £-28,549 | £191,450 |
| 3 Month Average | -5.087 % | £-11,191 | £208,808 |
| 6 Month Average | 4.326 % | £9,517 | £229,517 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 21 Jun 2024 | £280,000 | £280,000 | 46 SMALLWOOD ROAD |
| 3 Nov 2023 | £235,990 | £230,000 | 27 WALNUT TREE WAY |
| 3 Nov 2023 | £225,730 | £220,000 | 39 PAXMAN AVENUE |
| 12 Oct 2023 | £211,811 | £207,000 | 25 SMALLWOOD ROAD |
| 30 Aug 2023 | £239,316 | £235,000 | 36 PAXMAN AVENUE |
This house has a floor area of 63 sq meters or 682 sq feet when measured on 31 Oct 2011. Using an estimated price of £225,730 means this house is valued at £3,562 per sq meter (£330 per sq foot).
The average size of a house on PAXMAN AVENUE is 71 sq meters (771 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Nov 2024 | Violence and sexual offences | Under investigation | On or near Paxman Avenue |
| Oct 2024 | Violence and sexual offences | Action to be taken by another organisation | On or near Paxman Avenue |
| Oct 2024 | Anti-social behaviour | On or near Paxman Avenue | |
| Oct 2024 | Anti-social behaviour | On or near Paxman Avenue | |
| Sep 2024 | Public order | Action to be taken by another organisation | On or near Paxman Avenue |