£306,407
This estimated value is based upon the latest sale price for the house of £67,000 on 29 Jan 1999. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £67,000 | 29 Jan 1999 |
| 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 January 1999 the House Price Index for ESSEX was 32.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 357.324%.Applying this 357.324% change to the original purchase price of £67,000 results in an estimated price of approximately £306,407.
| 29 Jan 1999 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 32.7 | 149.7 | 357.324 % | £67,000 | £239,407 | £306,407 |
The Postcode Pricing Model uses changes in average sales price within the CO15 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 | 299.096 % | £200,394 | £267,394 |
| 3 Month Average | 328.996 % | £220,427 | £287,427 |
| 6 Month Average | 305.123 % | £204,432 | £271,432 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 29 Sep 2023 | £102,254 | £100,000 | FLAT 9 VICTORIA HEIGHTS CARNARVON ROAD |
| 15 Sep 2023 | £89,984 | £88,000 | FLAT 17 VICTORIA HEIGHTS CARNARVON ROAD |
| 18 Apr 2023 | £249,670 | £245,000 | 53 WELLESLEY ROAD |
| 21 Mar 2023 | £335,605 | £330,000 | 74 HAYES ROAD |
| 17 Mar 2023 | £282,721 | £278,000 | 52 WELLESLEY ROAD |