£296,454
This estimated value is based upon the latest sale price for the house of £225,000 on 29 Nov 2016. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £225,000 | 29 Nov 2016 |
| £136,000 | 12 Mar 2010 |
| Terraced |
| Freehold |
| Floor Area: 56 sq meters or 611 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 November 2016 the House Price Index for ESSEX was 112.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 31.758%.Applying this 31.758% change to the original purchase price of £225,000 results in an estimated price of approximately £296,454.
| 29 Nov 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 112.8 | 148.6 | 31.758 % | £225,000 | £71,454 | £296,454 |
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 | 20.431 % | £45,969 | £270,969 |
| 3 Month Average | 38.851 % | £87,414 | £312,414 |
| 6 Month Average | 39.934 % | £89,850 | £314,850 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Nov 2023 | £331,914 | £327,000 | 4 PARK LANE |
| 31 Aug 2023 | £194,199 | £192,500 | FLAT 19 KINGS COURT STELLA MARIS CLOSE |
| 27 Mar 2023 | £338,186 | £335,000 | 1 STELLA MARIS CLOSE |
| 14 Feb 2023 | £349,765 | £350,000 | 7 BUREN AVENUE |
| 9 Aug 2022 | £199,463 | £200,000 | 18 KINGS COURT, 1 STELLA MARIS CLOSE |
This house has a floor area of 56 sq meters or 611 sq feet when measured on 26 Aug 2009. Using an estimated price of £296,455 means this house is valued at £5,219 per sq meter (£484 per sq foot).
The average size of a house on BUREN AVENUE is 92 sq meters (997 sq feet).
This house is the smallest in the street with a floor area of 56 sq meters (611 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Stella Maris Close |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Stella Maris Close |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Park Lane |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Leigh Beck Road |
| Dec 2023 | Violence and sexual offences | Under investigation | On or near Linroping Avenue |