£298,679
This estimated value is based upon the latest sale price for the house of £240,000 on 31 Jan 2019. This value is then adjusted by the current Official House Price Index for ESSEX 1
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Market House, Market Place, Braintree, CM7 3HG
Phone: 01376409817
| Price Paid | Date |
|---|---|
| £240,000 | 31 Jan 2019 |
| Terraced |
| Freehold |
| Floor Area: 120 sq meters or 1,291 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 January 2019 the House Price Index for ESSEX was 120.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.450%.Applying this 24.450% change to the original purchase price of £240,000 results in an estimated price of approximately £298,679.
| 31 Jan 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.3 | 149.7 | 24.450 % | £240,000 | £58,679 | £298,679 |
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 | 15.698 % | £37,675 | £277,675 |
| 3 Month Average | 5.901 % | £14,163 | £254,163 |
| 6 Month Average | 4.567 % | £10,960 | £250,960 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 2 Apr 2024 | £261,168 | £258,900 | 11 CROFT CLOSE |
| 25 Sep 2023 | £354,310 | £346,500 | 28 WOODFIELD ROAD |
| 22 Sep 2023 | £470,369 | £460,000 | 3 WOODFIELD ROAD |
| 22 Sep 2023 | £357,889 | £350,000 | 20 WOODFIELD ROAD |
| 20 Sep 2023 | £260,748 | £255,000 | 51 MOUNT ROAD |
This house has a floor area of 120 sq meters or 1,291 sq feet when measured on 12 Oct 2018. Using an estimated price of £298,680 means this house is valued at £2,489 per sq meter (£231 per sq foot).
The average size of a house on CROFT CLOSE is 139 sq meters (1,505 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Drugs | Under investigation | On or near Croft Close |
| Aug 2024 | Violence and sexual offences | Local resolution | On or near Croft Close |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Petrol Station |
| Jul 2024 | Other theft | Investigation complete; no suspect identified | On or near Petrol Station |
| Sep 2024 | Anti-social behaviour | On or near Woodfield Road |