£675,812
This estimated value is based upon the latest sale price for the house of £392,500 on 2 Mar 2012. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £392,500 | 2 Mar 2012 |
| Detached |
| Freehold |
| Floor Area: 194 sq meters or 2,091 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 March 2012 the House Price Index for ESSEX was 86.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 72.182%.Applying this 72.182% change to the original purchase price of £392,500 results in an estimated price of approximately £675,812.
| 2 Mar 2012 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.9 | 149.7 | 72.182 % | £392,500 | £283,312 | £675,812 |
The Postcode Pricing Model uses changes in average sales price within the CM9 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 | 82.735 % | £324,734 | £717,234 |
| 3 Month Average | 89.479 % | £351,205 | £743,705 |
| 6 Month Average | 80.138 % | £314,540 | £707,040 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 4 Aug 2023 | £397,163 | £390,000 | 3 MIROSA DRIVE |
| 2 Aug 2023 | £330,969 | £325,000 | 5 REMINDER CLOSE |
| 31 Aug 2022 | £351,644 | £350,000 | 6 BEAUMONT WAY |
| 4 May 2022 | £508,241 | £495,000 | 9 MIROSA DRIVE |
| 4 May 2022 | £446,636 | £435,000 | 5 MIROSA DRIVE |
This house has a floor area of 194 sq meters or 2,091 sq feet when measured on 13 Jan 2012. Using an estimated price of £675,813 means this house is valued at £3,478 per sq meter (£323 per sq foot).
The average size of a house on MERMAID WAY is 192 sq meters (2,067 sq feet).
This house is the largest in the street with a floor area of 194 sq meters (2,091 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Anti-social behaviour | On or near Oak Close | |
| Sep 2024 | Anti-social behaviour | On or near Oak Close | |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Tideway |
| Jul 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Mirosa Drive |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Thalatta Close |