£352,642
This estimated value is based upon the latest sale price for the house of £175,000 on 28 May 2004. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £175,000 | 28 May 2004 |
| Semi-Detached |
| Freehold |
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 May 2004 the House Price Index for ESSEX was 73.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 101.510%.Applying this 101.510% change to the original purchase price of £175,000 results in an estimated price of approximately £352,642.
| 28 May 2004 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 73.7 | 148.6 | 101.510 % | £175,000 | £177,642 | £352,642 |
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 | 92.097 % | £161,169 | £336,169 |
| 3 Month Average | 69.570 % | £121,747 | £296,747 |
| 6 Month Average | 92.579 % | £162,012 | £337,012 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 Aug 2023 | £340,479 | £337,500 | 17 SEPTIMUS DRIVE |
| 26 Jul 2023 | £136,842 | £135,000 | 3 SPRINGHAM DRIVE |
| 14 Jun 2023 | £121,471 | £120,000 | 7 SPRINGHAM DRIVE |
| 5 Jan 2023 | £358,312 | £360,000 | 56 SPRINGHAM DRIVE |
| 19 Aug 2022 | £319,141 | £320,000 | 45 SPRINGHAM DRIVE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Septimus Drive |
| Dec 2023 | Drugs | Local resolution | On or near Otho Drive |
| Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Flavius Way |
| Jan 2024 | Violence and sexual offences | Offender given a caution | On or near Oxley Parker Drive |
| Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Libius Drive |