£396,435
This estimated value is based upon the latest sale price for the house of £249,999 on 5 Apr 2007. This value is then adjusted by the current Official House Price Index for ESSEX 1
There has been one burglary within the last year on or near Observer Way
More crime details
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| Price Paid | Date |
|---|---|
| £249,999 | 5 Apr 2007 |
| Terraced |
| Freehold |
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 2007 the House Price Index for ESSEX was 92.5.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 58.575%.Applying this 58.575% change to the original purchase price of £249,999 results in an estimated price of approximately £396,435.
| 5 Apr 2007 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 92.5 | 146.7 | 58.575 % | £249,999 | £146,436 | £396,435 |
The Postcode Pricing Model uses changes in average sales price within the CO5 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 | 93.132 % | £232,828 | £482,827 |
| 3 Month Average | 74.157 % | £185,392 | £435,391 |
| 6 Month Average | 68.745 % | £171,861 | £421,860 |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Observer Way |
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Observer Way |
| Feb 2024 | Other theft | Investigation complete; no suspect identified | On or near Observer Way |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Observer Way |
| Jan 2024 | Burglary | Investigation complete; no suspect identified | On or near Observer Way |