£271,379
This estimated value is based upon the latest sale price for the house of £173,000 on 25 Apr 2014. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £173,000 | 25 Apr 2014 |
| £145,000 | 19 Jul 2007 |
| Terraced |
| Freehold |
| Floor Area: 86 sq meters or 925 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 2014 the House Price Index for ESSEX was 95.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 56.867%.Applying this 56.867% change to the original purchase price of £173,000 results in an estimated price of approximately £271,379.
| 25 Apr 2014 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 95.4 | 149.7 | 56.867 % | £173,000 | £98,379 | £271,379 |
The Postcode Pricing Model uses changes in average sales price within the CM8 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 | 38.203 % | £66,090 | £239,090 |
| 3 Month Average | 61.382 % | £106,190 | £279,190 |
| 6 Month Average | 58.560 % | £101,309 | £274,309 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 11 Dec 2023 | £345,620 | £335,000 | 58 LABURNUM WAY |
| 30 Jun 2023 | £343,126 | £336,250 | 40 JUNIPER CRESCENT |
| 7 Jun 2023 | £1,684 | £1,650 | 76 LABURNUM WAY |
| 23 Mar 2023 | £279,671 | £275,000 | 48 LABURNUM WAY |
| 16 Mar 2023 | £135,259 | £133,000 | 19A CYPRESS ROAD |
This house has a floor area of 86 sq meters or 925 sq feet when measured on 21 Jan 2014. Using an estimated price of £271,379 means this house is valued at £3,155 per sq meter (£293 per sq foot).
The average size of a house on FOREST ROAD is 76 sq meters (818 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Vehicle crime | Under investigation | On or near Juniper Crescent |
| Sep 2024 | Drugs | Under investigation | On or near Juniper Crescent |
| Aug 2024 | Anti-social behaviour | On or near Juniper Crescent | |
| Aug 2024 | Anti-social behaviour | On or near Juniper Crescent | |
| Aug 2024 | Anti-social behaviour | On or near Juniper Crescent |