£400,307
This estimated value is based upon the latest sale price for the house of £396,250 on 30 Jun 2022. This value is then adjusted by the current Official House Price Index for ESSEX 1
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Price Paid | Date |
---|---|
£396,250 | 30 Jun 2022 |
£325,000 | 12 Jun 2017 |
£237,452 | 15 Dec 2005 |
Semi-Detached |
Freehold |
Floor Area: 105 sq meters or 1,130 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 June 2022 the House Price Index for ESSEX was 146.5.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 1.024%.Applying this 1.024% change to the original purchase price of £396,250 results in an estimated price of approximately £400,307.
30 Jun 2022 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
146.5 | 148.0 | 1.024 % | £396,250 | £4,057 | £400,307 |
The Postcode Pricing Model uses changes in average sales price within the CO4 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 | -1.689 % | £-6,694 | £389,555 |
3 Month Average | 3.497 % | £13,855 | £410,105 |
6 Month Average | 4.070 % | £16,127 | £412,377 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
10 Aug 2023 | £339,565 | £337,500 | 17 SEPTIMUS DRIVE |
26 Jul 2023 | £136,289 | £135,000 | 3 SPRINGHAM DRIVE |
14 Jun 2023 | £120,981 | £120,000 | 7 SPRINGHAM DRIVE |
5 Jan 2023 | £356,865 | £360,000 | 56 SPRINGHAM DRIVE |
19 Aug 2022 | £317,852 | £320,000 | 45 SPRINGHAM DRIVE |
This house has a floor area of 105 sq meters or 1,130 sq feet when measured on 22 Oct 2011. Using an estimated price of £400,307 means this house is valued at £3,809 per sq meter (£353 per sq foot).
The average size of a house on SPRINGHAM DRIVE is 86 sq meters (936 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Apr 2024 | Violence and sexual offences | Under investigation | On or near Springham Drive |
Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Flavius Way |
Jan 2024 | Violence and sexual offences | Offender given a caution | On or near Oxley Parker Drive |
Apr 2024 | Other theft | Investigation complete; no suspect identified | On or near Freeman Close |
Apr 2024 | Public order | Under investigation | On or near Libius Drive |