£2,552,218
This estimated value is based upon the latest sale price for the house of £425,000 on 6 Nov 2023. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £425,000 | 6 Nov 2023 |
| £249,995 | 3 Sep 2010 |
| Detached |
| Freehold |
| Floor Area: 128 sq meters or 1,381 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 November 2023 the House Price Index for ESSEX was 24.4.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 500.522%.Applying this 500.522% change to the original purchase price of £425,000 results in an estimated price of approximately £2,552,218.
| 6 Nov 2023 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 24.4 | 146.7 | 500.522 % | £425,000 | £2,127,218 | £2,552,218 |
The Postcode Pricing Model uses changes in average sales price within the CO2 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 | -17.613 % | £-74,854 | £350,145 |
| 3 Month Average | -14.274 % | £-60,663 | £364,336 |
| 6 Month Average | 0.628 % | £2,668 | £427,668 |
This house has a floor area of 128 sq meters or 1,381 sq feet when measured on 13 Aug 2010.
The average size of a house on SPENCER ROAD is 152 sq meters (1,638 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Other theft | Under investigation | On or near Spencer Road |
| Dec 2023 | Other theft | Under investigation | On or near Spencer Road |
| Mar 2024 | Anti-social behaviour | On or near Fowler Road | |
| Feb 2024 | Anti-social behaviour | On or near Fowler Road | |
| Feb 2024 | Anti-social behaviour | On or near Fowler Road |