£430,657
This estimated value is based upon the latest sale price for the house of £249,000 on 12 Jun 2006. 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 Southern Drive
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1 Valley Hill, Loughton, IG10 3AE
Phone: 02080339472
Price Paid | Date |
---|---|
£249,000 | 12 Jun 2006 |
£179,000 | 14 May 2002 |
£92,000 | 31 Jul 1997 |
£60,000 | 2 Apr 1997 |
Terraced |
Freehold |
Floor Area: 79 sq meters or 850 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 June 2006 the House Price Index for ESSEX was 85.6.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 72.955%.Applying this 72.955% change to the original purchase price of £249,000 results in an estimated price of approximately £430,657.
12 Jun 2006 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
85.6 | 148.0 | 72.955 % | £249,000 | £181,657 | £430,657 |
The Postcode Pricing Model uses changes in average sales price within the IG10 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 | 80.723 % | £201,000 | £450,000 |
3 Month Average | 84.805 % | £211,163 | £460,163 |
6 Month Average | 86.156 % | £214,527 | £463,527 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
15 Dec 2023 | £528,499 | £518,500 | 55 AVONDALE DRIVE |
21 Jul 2023 | £524,966 | £520,000 | 75 SOUTHERN DRIVE |
22 Mar 2023 | £452,446 | £450,000 | 60 SOUTHERN DRIVE |
25 Jul 2022 | £594,197 | £595,000 | 34 KENILWORTH GARDENS |
22 Jul 2022 | £564,238 | £565,000 | 84 SOUTHERN DRIVE |
This house has a floor area of 79 sq meters or 850 sq feet when measured on 2 Jun 2021. Using an estimated price of £430,657 means this house is valued at £5,451 per sq meter (£506 per sq foot).
The average size of a house on SOUTHERN DRIVE is 81 sq meters (874 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Apr 2024 | Burglary | Awaiting court outcome | On or near Southern Drive |
Mar 2024 | Other crime | Awaiting court outcome | On or near Southern Drive |
Apr 2024 | Violence and sexual offences | Under investigation | On or near The Meadway |
Feb 2024 | Other theft | Investigation complete; no suspect identified | On or near Avondale Drive |
Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Avondale Drive |