£297,971
This estimated value is based upon the latest sale price for the house of £220,000 on 27 Apr 2016. This value is then adjusted by the current Official House Price Index for ESSEX 1
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61a High Street, Braintree, CM7 1JX
Phone: 01376409696
| Price Paid | Date |
|---|---|
| £220,000 | 27 Apr 2016 |
| £213,000 | 7 Apr 2008 |
| £146,000 | 5 Mar 2004 |
| Semi-Detached |
| Freehold |
| Floor Area: 109 sq meters or 1,183 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 April 2016 the House Price Index for ESSEX was 109.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 35.442%.Applying this 35.442% change to the original purchase price of £220,000 results in an estimated price of approximately £297,971.
| 27 Apr 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 109.7 | 148.6 | 35.442 % | £220,000 | £77,971 | £297,971 |
The Postcode Pricing Model uses changes in average sales price within the CM7 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 | 22.226 % | £48,898 | £268,898 |
| 3 Month Average | 13.171 % | £28,976 | £248,976 |
| 6 Month Average | 23.200 % | £51,039 | £271,039 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Sep 2023 | £420,375 | £415,000 | 152 PANFIELD LANE |
| 21 Jul 2023 | £212,865 | £210,000 | FLAT 6 PITFIELD HOUSE PANFIELD LANE |
| 9 Jun 2023 | £374,537 | £370,000 | 26 JOHN ENGLISH AVENUE |
| 24 Mar 2023 | £311,434 | £308,500 | 59 PANFIELD LANE |
| 15 Mar 2023 | £272,568 | £270,000 | 49 TABOR AVENUE |
This house has a floor area of 109 sq meters or 1,183 sq feet when measured on 20 Jul 2009. Using an estimated price of £297,971 means this house is valued at £2,710 per sq meter (£251 per sq foot).
The average size of a house on PANFIELD LANE is 92 sq meters (995 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Drugs | Local resolution | On or near John English Avenue |
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near John English Avenue |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near John English Avenue |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near John English Avenue |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near John English Avenue |