£294,317
This estimated value is based upon the latest sale price for the house of £240,000 on 28 Oct 2019. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £240,000 | 28 Oct 2019 |
| £127,000 | 27 Jun 2003 |
| £99,000 | 26 Apr 2002 |
| £48,500 | 6 Apr 1998 |
| £48,500 | 6 Apr 1998 |
| Terraced |
| Freehold |
| Floor Area: 76 sq meters or 818 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 October 2019 the House Price Index for ESSEX was 121.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 22.632%.Applying this 22.632% change to the original purchase price of £240,000 results in an estimated price of approximately £294,317.
| 28 Oct 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.2 | 148.6 | 22.632 % | £240,000 | £54,317 | £294,317 |
The Postcode Pricing Model uses changes in average sales price within the SS8 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 | 24.820 % | £59,569 | £299,569 |
| 3 Month Average | 14.122 % | £33,892 | £273,892 |
| 6 Month Average | 18.341 % | £44,019 | £284,019 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Nov 2023 | £248,682 | £245,000 | 3 AVONDALE WALK |
| 3 Mar 2023 | £328,091 | £325,000 | 72 LINCOLN WAY |
| 1 Mar 2023 | £323,043 | £320,000 | 93 CEDAR ROAD |
| 22 Feb 2023 | £349,765 | £350,000 | 124 CEDAR ROAD |
| 28 Jul 2022 | £260,702 | £260,000 | 66 LINCOLN WAY |
This house has a floor area of 76 sq meters or 818 sq feet when measured on 16 Oct 2019. Using an estimated price of £294,318 means this house is valued at £3,872 per sq meter (£359 per sq foot).
The average size of a house on LINCOLN WAY is 90 sq meters (976 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Anti-social behaviour | On or near Lincoln Way | |
| Feb 2024 | Anti-social behaviour | On or near Lincoln Way | |
| Jan 2024 | Other crime | Under investigation | On or near The Chilterns |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Southwalters |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Southwalters |