£250,284
This estimated value is based upon the latest sale price for the house of £47,000 on 17 Dec 1996. This value is then adjusted by the current Official House Price Index for BERKSHIRE 1
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| Price Paid | Date |
|---|---|
| £47,000 | 17 Dec 1996 |
| £48,500 | 8 Nov 1996 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 55 sq meters or 592 sq feet |
This model uses changes in the Official Land Registry House Price Index for BERKSHIRE to estimate the market value.
When this house was purchased in December 1996 the House Price Index for BERKSHIRE was 27.5.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 432.520%.Applying this 432.520% change to the original purchase price of £47,000 results in an estimated price of approximately £250,284.
| 17 Dec 1996 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 27.5 | 146.7 | 432.520 % | £47,000 | £203,284 | £250,284 |
The Postcode Pricing Model uses changes in average sales price within the RG17 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 | 329.252 % | £154,748 | £201,748 |
| 3 Month Average | 357.171 % | £167,870 | £214,870 |
| 6 Month Average | 371.556 % | £174,631 | £221,631 |
This house has a floor area of 55 sq meters or 592 sq feet when measured on 15 Oct 2018.
The average size of a house on WESSEX CLOSE is 54 sq meters (587 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Wessex Close |
| Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Smitham Bridge Road |
| Dec 2023 | Vehicle crime | Unable to prosecute suspect | On or near Smitham Bridge Road |
| Feb 2024 | Anti-social behaviour | On or near Freemans Close | |
| Feb 2024 | Anti-social behaviour | On or near Freemans Close |