£496,595
This estimated value is based upon the latest sale price for the house of £345,000 on 14 Jul 2015. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £345,000 | 14 Jul 2015 |
| £125,000 | 27 Nov 1998 |
| Detached |
| Freehold |
| Floor Area: 114 sq meters or 1,227 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 2015 the House Price Index for ESSEX was 103.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 43.941%.Applying this 43.941% change to the original purchase price of £345,000 results in an estimated price of approximately £496,595.
| 14 Jul 2015 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 103.2 | 148.6 | 43.941 % | £345,000 | £151,595 | £496,595 |
The Postcode Pricing Model uses changes in average sales price within the CO4 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 | 36.437 % | £125,706 | £470,706 |
| 3 Month Average | 28.291 % | £97,604 | £442,604 |
| 6 Month Average | 46.677 % | £161,037 | £506,037 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Mar 2024 | £500,000 | £500,000 | 3 GRESLEY CLOSE |
| 25 Aug 2023 | £549,810 | £545,000 | 90 PETO AVENUE |
| 24 Jul 2023 | £429,278 | £423,500 | 18 THORNTON DRIVE |
| 19 Aug 2022 | £588,416 | £590,000 | 82 PETO AVENUE |
| 5 Aug 2022 | £508,631 | £510,000 | 2 FELLOWES CLOSE |
This house has a floor area of 114 sq meters or 1,227 sq feet when measured on 16 Mar 2015. Using an estimated price of £496,595 means this house is valued at £4,356 per sq meter (£404 per sq foot).
The average size of a house on PETO AVENUE is 97 sq meters (1,049 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Shopping Area |
| Mar 2024 | Anti-social behaviour | On or near Shopping Area | |
| Mar 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Shopping Area |
| Mar 2024 | Shoplifting | Under investigation | On or near Shopping Area |
| Mar 2024 | Anti-social behaviour | On or near Shopping Area |