£310,428
This estimated value is based upon the latest sale price for the house of £235,000 on 6 Dec 2016. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £235,000 | 6 Dec 2016 |
| £160,000 | 28 Jan 2013 |
| £38,000 | 24 Nov 1995 |
| 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 December 2016 the House Price Index for ESSEX was 113.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 32.097%.Applying this 32.097% change to the original purchase price of £235,000 results in an estimated price of approximately £310,428.
| 6 Dec 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 113.3 | 149.7 | 32.097 % | £235,000 | £75,428 | £310,428 |
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 | 23.529 % | £55,293 | £290,293 |
| 3 Month Average | 24.372 % | £57,273 | £292,273 |
| 6 Month Average | 20.855 % | £49,009 | £284,009 |
| 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 30 Oct 2012. Using an estimated price of £310,429 means this house is valued at £3,609 per sq meter (£335 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 |