£340,420
This estimated value is based upon the latest sale price for the house of £197,500 on 13 Dec 2011. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £197,500 | 13 Dec 2011 |
| £107,000 | 8 Jun 2000 |
| £92,000 | 31 Oct 1997 |
| Detached |
| Freehold |
| Floor Area: 79 sq meters or 854 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 December 2011 the House Price Index for ESSEX was 86.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 72.365%.Applying this 72.365% change to the original purchase price of £197,500 results in an estimated price of approximately £340,420.
| 13 Dec 2011 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.2 | 148.6 | 72.365 % | £197,500 | £142,920 | £340,420 |
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 | 76.344 % | £150,778 | £348,278 |
| 3 Month Average | 55.573 % | £109,755 | £307,255 |
| 6 Month Average | 65.995 % | £130,340 | £327,840 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Jul 2023 | £429,278 | £423,500 | 18 THORNTON DRIVE |
| 25 May 2022 | £402,586 | £395,000 | 14 COEUR DE LION |
| 10 Dec 2021 | £385,696 | £360,000 | 17 THORNTON DRIVE |
| 25 Jun 2021 | £244,090 | £227,500 | 21 THORNTON DRIVE |
| 8 Sep 2020 | £522,448 | £440,000 | 28 THORNTON DRIVE |
This house has a floor area of 79 sq meters or 854 sq feet when measured on 24 Nov 2011. Using an estimated price of £340,421 means this house is valued at £4,285 per sq meter (£398 per sq foot).
The average size of a house on THORNTON DRIVE is 94 sq meters (1,022 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Sinclair Close |