£141,940
This estimated value is based upon the latest sale price for the house of £33,500 on 30 Sep 1999. This value is then adjusted by the current Official House Price Index for ESSEX 1
Get our free house price tracker.
| Price Paid | Date |
|---|---|
| £33,500 | 30 Sep 1999 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 48 sq meters or 516 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 September 1999 the House Price Index for ESSEX was 35.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 323.703%.Applying this 323.703% change to the original purchase price of £33,500 results in an estimated price of approximately £141,940.
| 30 Sep 1999 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 35.3 | 149.7 | 323.703 % | £33,500 | £108,440 | £141,940 |
The Postcode Pricing Model uses changes in average sales price within the CO16 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 | 247.987 % | £83,075 | £116,575 |
| 3 Month Average | 273.791 % | £91,720 | £125,220 |
| 6 Month Average | 300.134 % | £100,544 | £134,044 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Sep 2023 | £270,973 | £265,000 | 5 KINGSMAN DRIVE |
| 26 Jan 2023 | £330,884 | £330,000 | 2 COTTAGE GROVE |
| 22 Jul 2022 | £353,543 | £350,000 | 10 PETER BRUFF AVENUE |
| 30 May 2022 | £359,362 | £350,000 | 7 COTTAGE GROVE |
| 28 Apr 2022 | £150,426 | £145,000 | 50 LAND CLOSE |
This house has a floor area of 48 sq meters or 516 sq feet when measured on 19 Mar 2019. Using an estimated price of £141,940 means this house is valued at £2,957 per sq meter (£274 per sq foot).
The average size of a house on LAND CLOSE is 67 sq meters (725 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Land Close |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Cedar Mews |
| Aug 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Cedar Mews |
| Oct 2024 | Public order | Under investigation | On or near Finer Close |
| Oct 2024 | Public order | Under investigation | On or near Finer Close |