£562,013
This estimated value is based upon the latest sale price for the house of £550,000 on 1 Jun 2022. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £550,000 | 1 Jun 2022 |
| £465,000 | 26 Apr 2019 |
| £395,000 | 30 May 2014 |
| 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 June 2022 the House Price Index for ESSEX was 146.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.184%.Applying this 2.184% change to the original purchase price of £550,000 results in an estimated price of approximately £562,013.
| 1 Jun 2022 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.5 | 149.7 | 2.184 % | £550,000 | £12,013 | £562,013 |
The Postcode Pricing Model uses changes in average sales price within the CO5 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 | -18.391 % | £-101,152 | £448,847 |
| 3 Month Average | 12.261 % | £67,437 | £617,437 |
| 6 Month Average | 4.466 % | £24,563 | £574,563 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Sep 2023 | £572,623 | £560,000 | 12 SAWKINS CLOSE |
| 7 Sep 2023 | £403,904 | £395,000 | 2 BRAND DRIVE |
| 20 Jun 2022 | £572,232 | £560,000 | 5 EDWARD MARKE DRIVE |
| 1 Jun 2022 | £562,014 | £550,000 | 4 EDWARD MARKE DRIVE |
| 7 Jan 2022 | £413,477 | £390,000 | 3 FINGRINGHOE ROAD |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Mulberry Gardens |
| Apr 2024 | Other theft | Unable to prosecute suspect | On or near Broom Way |
| Jun 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Layer Road |
| Jun 2024 | Violence and sexual offences | Under investigation | On or near Abberton Road |
| Jun 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Abberton Road |