£326,770
This estimated value is based upon the latest sale price for the house of £305,000 on 17 Dec 2021. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £305,000 | 17 Dec 2021 |
| £235,000 | 18 Nov 2016 |
| £161,000 | 16 Mar 2007 |
| £137,000 | 21 Nov 2003 |
| Semi-Detached |
| Freehold |
| Floor Area: 72 sq meters or 775 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 2021 the House Price Index for ESSEX was 138.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 7.138%.Applying this 7.138% change to the original purchase price of £305,000 results in an estimated price of approximately £326,770.
| 17 Dec 2021 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 138.7 | 148.6 | 7.138 % | £305,000 | £21,770 | £326,770 |
The Postcode Pricing Model uses changes in average sales price within the CM0 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 | -27.762 % | £-84,674 | £220,325 |
| 3 Month Average | 0.848 % | £2,586 | £307,586 |
| 6 Month Average | 24.377 % | £74,349 | £379,349 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 19 Dec 2023 | £478,370 | £470,000 | 15 SHEERWATER CLOSE |
| 11 Aug 2023 | £585,119 | £580,000 | 11 SHEERWATER CLOSE |
| 31 Mar 2023 | £338,186 | £335,000 | 38 FERNLEA ROAD |
| 20 Feb 2023 | £9,993 | £10,000 | BERTH E35 BURNHAM YACHT HARBOUR FOUNDRY LANE |
| 17 Oct 2022 | £291,858 | £295,000 | 50 FERNLEA ROAD |
This house has a floor area of 72 sq meters or 775 sq feet when measured on 17 Sep 2021. Using an estimated price of £326,770 means this house is valued at £4,538 per sq meter (£421 per sq foot).
The average size of a house on FERNLEA ROAD is 84 sq meters (906 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Violence and sexual offences | Action to be taken by another organisation | On or near Sheerwater Close |
| Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Falklands Road |
| Jan 2024 | Violence and sexual offences | Action to be taken by another organisation | On or near Fernlea Road |
| Jan 2024 | Violence and sexual offences | Action to be taken by another organisation | On or near Fernlea Road |
| Mar 2024 | Violence and sexual offences | Local resolution | On or near Station Approach |