£518,441
This estimated value is based upon the latest sale price for the house of £310,000 on 16 Jul 2010. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £310,000 | 16 Jul 2010 |
| £260,000 | 9 Sep 2002 |
| Detached |
| Freehold |
| Floor Area: 131 sq meters or 1,410 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 July 2010 the House Price Index for ESSEX was 87.7.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 67.239%.Applying this 67.239% change to the original purchase price of £310,000 results in an estimated price of approximately £518,441.
| 16 Jul 2010 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.7 | 146.7 | 67.239 % | £310,000 | £208,441 | £518,441 |
The Postcode Pricing Model uses changes in average sales price within the CM8 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 | 36.840 % | £114,205 | £424,205 |
| 3 Month Average | 34.394 % | £106,621 | £416,621 |
| 6 Month Average | 60.519 % | £187,607 | £497,607 |
This house has a floor area of 131 sq meters or 1,410 sq feet when measured on 5 Aug 2021.
The average size of a house on ELGAR DRIVE is 118 sq meters (1,280 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Local resolution | On or near Bantock Way |
| Feb 2024 | Other crime | Further action is not in the public interest | On or near Bantock Way |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Bantock Way |
| Mar 2024 | Burglary | Action to be taken by another organisation | On or near Maltings Court |
| Mar 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Holst Avenue |