£289,532
This estimated value is based upon the latest sale price for the house of £245,000 on 12 Oct 2020. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £245,000 | 12 Oct 2020 |
| Detached |
| Freehold |
| Floor Area: 113 sq meters or 1,216 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 2020 the House Price Index for ESSEX was 126.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 18.177%.Applying this 18.177% change to the original purchase price of £245,000 results in an estimated price of approximately £289,532.
| 12 Oct 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 126.7 | 149.7 | 18.177 % | £245,000 | £44,532 | £289,532 |
The Postcode Pricing Model uses changes in average sales price within the CO16 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 | -16.856 % | £-41,297 | £203,702 |
| 3 Month Average | -6.971 % | £-17,079 | £227,920 |
| 6 Month Average | 1.258 % | £3,083 | £248,083 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 Jul 2024 | £250,000 | £250,000 | 5 MUNNINGS DRIVE |
| 30 Nov 2023 | £271,902 | £265,000 | 18 MUNNINGS DRIVE |
| 1 Aug 2023 | £341,153 | £335,000 | 3 STANMORE CLOSE |
| 28 Apr 2023 | £326,099 | £320,000 | 43 CONSTABLE AVENUE |
| 19 Aug 2022 | £251,174 | £250,000 | 3 ROMNEY CLOSE |
This house has a floor area of 113 sq meters or 1,216 sq feet when measured on 17 Nov 2018. Using an estimated price of £289,533 means this house is valued at £2,562 per sq meter (£238 per sq foot).
The average size of a house on MUNNINGS DRIVE is 88 sq meters (952 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Romney Close |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Dupont Close |
| Oct 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Dupont Close |
| Aug 2024 | Public order | Unable to prosecute suspect | On or near Hunt Drive |
| Aug 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Munnings Drive |