£560,452
This estimated value is based upon the latest sale price for the house of £420,000 on 5 Oct 2016. This value is then adjusted by the current Official House Price Index for ESSEX 1
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Office 9, Cedar House, Hainault Business Park, 58 Peregrine Road, Hainault, IG6 3SZ
Phone: 02045162057
| Price Paid | Date |
|---|---|
| £420,000 | 5 Oct 2016 |
| £226,500 | 16 Mar 2006 |
| Terraced |
| Freehold |
| Floor Area: 90 sq meters or 968 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 October 2016 the House Price Index for ESSEX was 112.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 33.441%.Applying this 33.441% change to the original purchase price of £420,000 results in an estimated price of approximately £560,452.
| 5 Oct 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 112.2 | 149.7 | 33.441 % | £420,000 | £140,452 | £560,452 |
The Postcode Pricing Model uses changes in average sales price within the IG7 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 | 22.052 % | £92,619 | £512,619 |
| 3 Month Average | 12.137 % | £50,973 | £470,973 |
| 6 Month Average | 13.155 % | £55,248 | £475,248 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 7 Sep 2023 | £319,033 | £312,000 | 32A LAMBOURNE ROAD |
| 7 Jun 2023 | £397,975 | £390,000 | 10 FOXBURROWS COURT SUNNYMEDE |
| 17 Oct 2022 | £523,252 | £525,000 | 11 MILLERS CLOSE |
| 14 Oct 2022 | £657,803 | £660,000 | 9 MILLERS CLOSE |
| 28 Jan 2022 | £630,818 | £595,000 | 52 COOPERS CLOSE |
This house has a floor area of 90 sq meters or 968 sq feet when measured on 15 Jul 2020. Using an estimated price of £560,452 means this house is valued at £6,227 per sq meter (£578 per sq foot).
The average size of a house on FAVERSHAM CLOSE is 138 sq meters (1,486 sq feet).
This house is the smallest in the street with a floor area of 90 sq meters (968 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Faversham Close |
| Aug 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Faversham Close |
| Jul 2024 | Public order | Unable to prosecute suspect | On or near Faversham Close |
| Sep 2024 | Anti-social behaviour | On or near Coopers Close | |
| Sep 2024 | Anti-social behaviour | On or near Coopers Close |