£337,899
This estimated value is based upon the latest sale price for the house of £217,000 on 22 Apr 2014. This value is then adjusted by the current Official House Price Index for ESSEX 1
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Price Paid | Date |
---|---|
£217,000 | 22 Apr 2014 |
Semi-Detached |
Freehold |
Floor Area: 107 sq meters or 1,151 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 April 2014 the House Price Index for ESSEX was 95.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 55.714%.Applying this 55.714% change to the original purchase price of £217,000 results in an estimated price of approximately £337,899.
22 Apr 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
95.4 | 148.6 | 55.714 % | £217,000 | £120,899 | £337,899 |
The Postcode Pricing Model uses changes in average sales price within the SS8 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 | 53.408 % | £115,894 | £332,894 |
3 Month Average | 65.447 % | £142,020 | £359,020 |
6 Month Average | 76.512 % | £166,030 | £383,030 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
21 Nov 2023 | £471,988 | £465,000 | 72 MARGRATEN AVENUE |
28 Sep 2023 | £303,885 | £300,000 | 53 MARGRATEN AVENUE |
18 Aug 2023 | £267,339 | £265,000 | 55A MARGRATEN AVENUE |
5 Aug 2022 | £259,302 | £260,000 | 23 SHELL BEACH ROAD |
12 Jul 2022 | £345,931 | £345,000 | 30 MARGRATEN AVENUE |
This house has a floor area of 107 sq meters or 1,151 sq feet when measured on 21 Feb 2014. Using an estimated price of £337,899 means this house is valued at £3,157 per sq meter (£293 per sq foot).
The average size of a house on MARGRATEN AVENUE is 87 sq meters (937 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jan 2024 | Other theft | Unable to prosecute suspect | On or near Lottem Road |
Dec 2023 | Criminal damage and arson | Unable to prosecute suspect | On or near Lottem Road |
Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Weel Road |
Dec 2023 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Weel Road |
Dec 2023 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Weel Road |