£264,542
This estimated value is based upon the latest sale price for the house of £255,000 on 4 Apr 2022. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £255,000 | 4 Apr 2022 |
| £225,000 | 8 Apr 2020 |
| £215,000 | 30 May 2017 |
| £192,000 | 4 Dec 2015 |
| £135,000 | 10 Nov 2014 |
| Semi-Detached |
| Freehold |
| Floor Area: 69 sq meters or 742 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 April 2022 the House Price Index for ESSEX was 144.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 3.742%.Applying this 3.742% change to the original purchase price of £255,000 results in an estimated price of approximately £264,542.
| 4 Apr 2022 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 144.3 | 149.7 | 3.742 % | £255,000 | £9,542 | £264,542 |
The Postcode Pricing Model uses changes in average sales price within the CO15 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 | 18.743 % | £47,795 | £302,795 |
| 3 Month Average | -7.935 % | £-20,233 | £234,766 |
| 6 Month Average | -6.790 % | £-17,314 | £237,685 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Mar 2024 | £355,461 | £350,000 | 24 HILLCREST |
| 6 Nov 2023 | £256,511 | £250,000 | 20 CRAIGFIELD AVENUE |
| 6 Oct 2023 | £304,414 | £297,500 | 3 HILLCREST |
| 4 Apr 2022 | £264,543 | £255,000 | 4 HILLCREST |
| 11 Mar 2022 | £328,839 | £315,000 | 21 CRAIGFIELD AVENUE |
This house has a floor area of 69 sq meters or 742 sq feet when measured on 21 Nov 2016. Using an estimated price of £264,543 means this house is valued at £3,833 per sq meter (£356 per sq foot).
The average size of a house on HILLCREST is 71 sq meters (765 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Violence and sexual offences | Local resolution | On or near Hillcrest |
| Sep 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Catherine Close |
| Jul 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Westridge Way |
| Aug 2024 | Drugs | Investigation complete; no suspect identified | On or near Bonham Close |
| Oct 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Thrushdale |