£388,860
This estimated value is based upon the latest sale price for the house of £346,000 on 6 Aug 2021. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £346,000 | 6 Aug 2021 |
| £225,000 | 15 Jun 2007 |
| Semi-Detached |
| Freehold |
| Floor Area: 89 sq meters or 957 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 August 2021 the House Price Index for ESSEX was 133.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 12.387%.Applying this 12.387% change to the original purchase price of £346,000 results in an estimated price of approximately £388,860.
| 6 Aug 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 133.2 | 149.7 | 12.387 % | £346,000 | £42,860 | £388,860 |
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 | 19.947 % | £69,018 | £415,018 |
| 3 Month Average | 14.594 % | £50,494 | £396,494 |
| 6 Month Average | 12.662 % | £43,810 | £389,810 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 23 Nov 2023 | £474,546 | £462,500 | 77 LONG ROAD |
| 5 Sep 2023 | £409,016 | £400,000 | 6 CONVENT ROAD |
| 14 Aug 2023 | £448,082 | £440,000 | 62 LIONEL ROAD |
| 23 Jun 2023 | £255,112 | £250,000 | 16 VAAGEN ROAD |
| 13 Jun 2023 | £265,317 | £260,000 | FLAT 1 CLERMONT HOUSE, 38 LONG ROAD |
This house has a floor area of 89 sq meters or 957 sq feet when measured on 28 Jan 2016. Using an estimated price of £388,860 means this house is valued at £4,369 per sq meter (£405 per sq foot).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Criminal damage and arson | Under investigation | On or near Lionel Road |
| Apr 2024 | Anti-social behaviour | On or near Lionel Road | |
| Apr 2024 | Anti-social behaviour | On or near Lionel Road | |
| Apr 2024 | Anti-social behaviour | On or near Lionel Road | |
| Apr 2024 | Anti-social behaviour | On or near Lionel Road |