£250,935
This estimated value is based upon the latest sale price for the house of £203,000 on 3 May 2019. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £203,000 | 3 May 2019 |
| £233,000 | 24 Oct 2016 |
| £88,500 | 7 Dec 2001 |
| Terraced |
| Freehold |
| Floor Area: 81 sq meters or 871 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 2019 the House Price Index for ESSEX was 120.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.614%.Applying this 23.614% change to the original purchase price of £203,000 results in an estimated price of approximately £250,935.
| 3 May 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.2 | 148.6 | 23.614 % | £203,000 | £47,935 | £250,935 |
The Postcode Pricing Model uses changes in average sales price within the CO1 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 | 1846.202 % | £3,747,790 | £3,950,790 |
| 3 Month Average | 15.157 % | £30,769 | £233,769 |
| 6 Month Average | 7.683 % | £15,596 | £218,596 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 16 Jun 2023 | £222,698 | £220,000 | 14 BELMONT PLACE |
| 3 Feb 2023 | £169,886 | £170,000 | 75 GILBERD ROAD |
| 5 May 2022 | £198,745 | £195,000 | 5 BELMONT PLACE |
| 18 May 2020 | £343,102 | £280,500 | 4 RECREATION ROAD |
| 29 Nov 2019 | £306,611 | £250,000 | 61 OLD HEATH ROAD |
This house has a floor area of 81 sq meters or 871 sq feet when measured on 3 Sep 2015. Using an estimated price of £250,936 means this house is valued at £3,097 per sq meter (£287 per sq foot).
The average size of a house on OLD HEATH ROAD is 93 sq meters (1,005 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Anti-social behaviour | On or near Belmont Place | |
| Feb 2024 | Anti-social behaviour | On or near Belmont Place | |
| Jan 2024 | Other theft | Under investigation | On or near Belmont Place |
| Dec 2023 | Violence and sexual offences | Under investigation | On or near Belmont Place |
| Jan 2024 | Other crime | Offender given a caution | On or near Weston Road |