£221,173
This estimated value is based upon the latest sale price for the house of £180,000 on 24 Jan 2020. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £180,000 | 24 Jan 2020 |
| Terraced |
| Freehold |
| Floor Area: 92 sq meters or 990 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 January 2020 the House Price Index for ESSEX was 121.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 22.874%.Applying this 22.874% change to the original purchase price of £180,000 results in an estimated price of approximately £221,173.
| 24 Jan 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.8 | 149.7 | 22.874 % | £180,000 | £41,173 | £221,173 |
The Postcode Pricing Model uses changes in average sales price within the CO12 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 | 62.878 % | £113,181 | £293,181 |
| 3 Month Average | 20.287 % | £36,517 | £216,517 |
| 6 Month Average | 21.731 % | £39,116 | £219,116 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 27 Sep 2024 | £263,000 | £263,000 | 1 SECOND AVENUE |
| 5 Mar 2024 | £238,667 | £235,000 | 31 THIRD AVENUE |
| 17 Nov 2023 | £174,428 | £170,000 | 39 LEE ROAD |
| 1 Sep 2023 | £240,297 | £235,000 | 8 LANGLEY CLOSE |
| 23 Aug 2023 | £114,057 | £112,000 | FLAT 8 VICTORIA COURT SECOND AVENUE |
This house has a floor area of 92 sq meters or 990 sq feet when measured on 30 Oct 2019. Using an estimated price of £221,174 means this house is valued at £2,404 per sq meter (£223 per sq foot).
The average size of a house on LEE ROAD is 97 sq meters (1,047 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Lee Road |
| Sep 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Lee Road |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Lee Road |
| Sep 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Lee Road |
| Aug 2024 | Drugs | Local resolution | On or near Langley Close |