£322,521
This estimated value is based upon the latest sale price for the house of £247,000 on 31 Mar 2017. This value is then adjusted by the current Official House Price Index for ESSEX 1
There have been two burglaries within the last year on or near The Drive
More crime details
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| Price Paid | Date |
|---|---|
| £247,000 | 31 Mar 2017 |
| Semi-Detached |
| Freehold |
| Floor Area: 81 sq meters or 871 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 March 2017 the House Price Index for ESSEX was 114.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 30.575%.Applying this 30.575% change to the original purchase price of £247,000 results in an estimated price of approximately £322,521.
| 31 Mar 2017 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 114.6 | 149.7 | 30.575 % | £247,000 | £75,521 | £322,521 |
The Postcode Pricing Model uses changes in average sales price within the SS4 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 | 37.549 % | £92,746 | £339,746 |
| 3 Month Average | 15.691 % | £38,756 | £285,756 |
| 6 Month Average | 10.015 % | £24,737 | £271,737 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 19 Dec 2023 | £397,205 | £385,000 | 59 ROCHFORD GARDEN WAY |
| 14 Dec 2023 | £368,834 | £357,500 | 68 SOMERSET AVENUE |
| 26 Sep 2023 | £299,093 | £292,500 | 73 SOMERSET AVENUE |
| 15 Jun 2023 | £331,646 | £325,000 | 3 TYLNEY AVENUE |
| 14 Apr 2023 | £306,737 | £301,000 | 25 TYLNEY AVENUE |
This house has a floor area of 81 sq meters or 871 sq feet when measured on 5 Oct 2016. Using an estimated price of £322,521 means this house is valued at £3,981 per sq meter (£369 per sq foot).
The average size of a house on SOMERSET AVENUE is 91 sq meters (984 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Burglary | Investigation complete; no suspect identified | On or near The Drive |
| Apr 2024 | Burglary | Investigation complete; no suspect identified | On or near The Drive |
| Jun 2024 | Public order | Local resolution | On or near Rochford Garden Way |
| May 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Tylney Avenue |
| Apr 2024 | Possession of weapons | Unable to prosecute suspect | On or near Tylney Avenue |