£311,083
This estimated value is based upon the latest sale price for the house of £119,500 on 11 Oct 2002. This value is then adjusted by the current Official House Price Index for ESSEX 1
There has been one burglary within the last year on or near Somerset Close
More crime details
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| Price Paid | Date |
|---|---|
| £119,500 | 11 Oct 2002 |
| £62,500 | 11 Sep 1998 |
| Terraced |
| Freehold |
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 October 2002 the House Price Index for ESSEX was 56.4.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 160.321%.Applying this 160.321% change to the original purchase price of £119,500 results in an estimated price of approximately £311,083.
| 11 Oct 2002 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 56.4 | 146.7 | 160.321 % | £119,500 | £191,583 | £311,083 |
The Postcode Pricing Model uses changes in average sales price within the CO2 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 | 116.739 % | £139,503 | £259,003 |
| 3 Month Average | 122.972 % | £146,951 | £266,451 |
| 6 Month Average | 149.605 % | £178,777 | £298,277 |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Public order | Unable to prosecute suspect | On or near Somerset Close |
| Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Somerset Close |
| Dec 2023 | Burglary | Investigation complete; no suspect identified | On or near Somerset Close |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Eldred Avenue |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Eldred Avenue |