£279,269
This estimated value is based upon the latest sale price for the house of £58,000 on 26 Mar 1998. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £58,000 | 26 Mar 1998 |
| Semi-Detached |
| Freehold |
| Floor Area: 102 sq meters or 1,097 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 March 1998 the House Price Index for ESSEX was 31.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 381.499%.Applying this 381.499% change to the original purchase price of £58,000 results in an estimated price of approximately £279,269.
| 26 Mar 1998 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 31.1 | 149.7 | 381.499 % | £58,000 | £221,269 | £279,269 |
The Postcode Pricing Model uses changes in average sales price within the SS4 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 | 357.284 % | £207,224 | £265,224 |
| 3 Month Average | 386.646 % | £224,254 | £282,254 |
| 6 Month Average | 360.101 % | £208,858 | £266,858 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 19 Dec 2023 | £397,205 | £385,000 | 59 ROCHFORD GARDEN WAY |
| 29 Nov 2023 | £348,855 | £340,000 | 122 ROCHFORD GARDEN WAY |
| 3 Mar 2023 | £335,605 | £330,000 | 34 BOBBING CLOSE |
| 13 Feb 2023 | £296,984 | £295,000 | 16 THE DRIVE |
| 31 Jan 2023 | £381,018 | £380,000 | 65 THE DRIVE |
This house has a floor area of 102 sq meters or 1,097 sq feet when measured on 1 Jun 2016. Using an estimated price of £279,269 means this house is valued at £2,737 per sq meter (£254 per sq foot).
The average size of a house on THE DRIVE is 94 sq meters (1,019 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Violence and sexual offences | Under investigation | On or near The Drive |
| Oct 2024 | Drugs | Under investigation | On or near The Drive |
| Oct 2024 | Other theft | Investigation complete; no suspect identified | On or near The Drive |
| Oct 2024 | Other theft | Under investigation | On or near The Drive |
| Aug 2024 | Drugs | Under investigation | On or near The Drive |