£460,196
This estimated value is based upon the latest sale price for the house of £355,000 on 31 May 2017. This value is then adjusted by the current Official House Price Index for ESSEX 1
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High Street, Ongar, CM5 9AA
Phone: 01277699428
| Price Paid | Date |
|---|---|
| £355,000 | 31 May 2017 |
| £227,000 | 2 Sep 2011 |
| £200,000 | 12 Dec 2008 |
| £220,000 | 16 Dec 2005 |
| Terraced |
| Freehold |
| Floor Area: 57 sq meters or 613 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 May 2017 the House Price Index for ESSEX was 115.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 29.633%.Applying this 29.633% change to the original purchase price of £355,000 results in an estimated price of approximately £460,196.
| 31 May 2017 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 115.5 | 149.7 | 29.633 % | £355,000 | £105,196 | £460,196 |
The Postcode Pricing Model uses changes in average sales price within the CM5 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 | 48.600 % | £172,531 | £527,531 |
| 3 Month Average | 24.833 % | £88,157 | £443,157 |
| 6 Month Average | 26.276 % | £93,281 | £448,281 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Nov 2023 | £235,990 | £230,000 | FLAT 5 HERON COURT FYFIELD ROAD |
| 4 Oct 2023 | £391,389 | £382,500 | 18 FYFIELD ROAD |
| 24 Mar 2023 | £510,526 | £502,000 | 20 THE GABLES |
| 30 Nov 2022 | £478,761 | £481,000 | 17 THE GABLES |
| 30 Jun 2022 | £470,048 | £460,000 | 4 THE GABLES |
This house has a floor area of 57 sq meters or 613 sq feet when measured on 1 Apr 2017. Using an estimated price of £460,197 means this house is valued at £8,073 per sq meter (£750 per sq foot).
The average size of a house on THE GABLES is 106 sq meters (1,141 sq feet).
This house is the smallest in the street with a floor area of 57 sq meters (613 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Other crime | Formal action is not in the public interest | On or near The Gables |
| Nov 2024 | Violence and sexual offences | Under investigation | On or near Clare Mews |
| Nov 2024 | Violence and sexual offences | Under investigation | On or near Clare Mews |
| Oct 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Clare Mews |
| Oct 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Clare Mews |