£636,928
This estimated value is based upon the latest sale price for the house of £146,950 on 8 Jul 1999. This value is then adjusted by the current Official House Price Index for ESSEX 1
There has been one burglary within the last year on or near Markland Drive
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| Price Paid | Date |
|---|---|
| £146,950 | 8 Jul 1999 |
| £123,000 | 8 Nov 1996 |
| Detached |
| Freehold |
| Floor Area: 154 sq meters or 1,657 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 July 1999 the House Price Index for ESSEX was 34.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 333.432%.Applying this 333.432% change to the original purchase price of £146,950 results in an estimated price of approximately £636,928.
| 8 Jul 1999 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 34.3 | 148.6 | 333.432 % | £146,950 | £489,978 | £636,928 |
The Postcode Pricing Model uses changes in average sales price within the CM9 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 | 234.509 % | £344,610 | £491,560 |
| 3 Month Average | 238.765 % | £350,864 | £497,814 |
| 6 Month Average | 279.031 % | £410,036 | £556,986 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 12 Dec 2023 | £396,945 | £390,000 | 12 LINDISFARNE COURT |
| 2 Aug 2023 | £502,900 | £498,500 | 108 WASHINGTON ROAD |
| 24 Feb 2023 | £564,620 | £565,000 | 119A WASHINGTON ROAD |
| 21 Jul 2022 | £518,395 | £517,000 | 137 WASHINGTON ROAD |
| 8 Jul 2022 | £426,147 | £425,000 | 25D VIKING ROAD |
This house has a floor area of 154 sq meters or 1,657 sq feet when measured on 3 Dec 2014. Using an estimated price of £636,928 means this house is valued at £4,135 per sq meter (£384 per sq foot).
The average size of a house on VIKING ROAD is 109 sq meters (1,179 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Burglary | Investigation complete; no suspect identified | On or near Markland Drive |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Hemmings Court |
| Dec 2023 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Hemmings Court |
| Dec 2023 | Burglary | Investigation complete; no suspect identified | On or near Hemmings Court |
| Dec 2023 | Possession of weapons | Awaiting court outcome | On or near Pembroke Avenue |