£344,219
This estimated value is based upon the latest sale price for the house of £270,000 on 31 Jul 2017. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £270,000 | 31 Jul 2017 |
| Semi-Detached |
| Freehold |
| Floor Area: 95 sq meters or 1,022 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 July 2017 the House Price Index for ESSEX was 116.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 27.489%.Applying this 27.489% change to the original purchase price of £270,000 results in an estimated price of approximately £344,219.
| 31 Jul 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 116.6 | 148.6 | 27.489 % | £270,000 | £74,219 | £344,219 |
The Postcode Pricing Model uses changes in average sales price within the SS8 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 | 13.252 % | £35,781 | £305,781 |
| 3 Month Average | 23.774 % | £64,190 | £334,190 |
| 6 Month Average | 26.495 % | £71,537 | £341,537 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Jul 2023 | £364,911 | £360,000 | 62 THE PARKWAY |
| 6 Jul 2023 | £385,184 | £380,000 | 50 THE DRIVEWAY |
| 2 Feb 2023 | £439,704 | £440,000 | 11 BAY CLOSE |
| 14 Mar 2022 | £383,417 | £370,000 | 2 BAY CLOSE |
| 2 Dec 2021 | £583,901 | £545,000 | 7 FERNDALE CRESCENT |
This house has a floor area of 95 sq meters or 1,022 sq feet when measured on 31 May 2017. Using an estimated price of £344,220 means this house is valued at £3,623 per sq meter (£336 per sq foot).
The average size of a house on THE PARKWAY is 102 sq meters (1,099 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Bay Close |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Bay Close |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Bay Close |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Bay Close |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Bay Close |