£444,915
This estimated value is based upon the latest sale price for the house of £295,000 on 9 Oct 2014. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £295,000 | 9 Oct 2014 |
| Semi-Detached |
| Freehold |
| Floor Area: 109 sq meters or 1,173 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 2014 the House Price Index for ESSEX was 99.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 50.819%.Applying this 50.819% change to the original purchase price of £295,000 results in an estimated price of approximately £444,915.
| 9 Oct 2014 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 99.3 | 149.7 | 50.819 % | £295,000 | £149,915 | £444,915 |
The Postcode Pricing Model uses changes in average sales price within the CM9 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 | 55.709 % | £164,341 | £459,341 |
| 3 Month Average | 41.960 % | £123,780 | £418,780 |
| 6 Month Average | 53.653 % | £158,275 | £453,275 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Mar 2024 | £446,866 | £440,000 | 42 HIGHLANDS DRIVE |
| 8 Dec 2023 | £170,231 | £165,000 | FLAT 49 COOPER COURT SPITAL ROAD |
| 30 Nov 2023 | £189,818 | £185,000 | FLAT 1 COOPER COURT SPITAL ROAD |
| 30 Nov 2023 | £184,688 | £180,000 | FLAT 43 COOPER COURT SPITAL ROAD |
| 12 Oct 2023 | £301,856 | £295,000 | FLAT 9 COOPER COURT SPITAL ROAD |
This house has a floor area of 109 sq meters or 1,173 sq feet when measured on 9 Jan 2014. Using an estimated price of £444,916 means this house is valued at £4,081 per sq meter (£379 per sq foot).
The average size of a house on HIGHLANDS DRIVE is 99 sq meters (1,071 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Hospital |
| Jul 2024 | Drugs | Under investigation | On or near Hospital |
| Jul 2024 | Drugs | Investigation complete; no suspect identified | On or near Hospital |
| Jul 2024 | Violence and sexual offences | Formal action is not in the public interest | On or near Hospital |
| Sep 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Cherry Garden Road |