£285,714
This estimated value is based upon the latest sale price for the house of £165,000 on 11 Jan 2012. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £165,000 | 11 Jan 2012 |
| £55,000 | 2 Feb 1996 |
| Detached |
| Freehold |
| Floor Area: 72 sq meters or 778 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 2012 the House Price Index for ESSEX was 86.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 73.160%.Applying this 73.160% change to the original purchase price of £165,000 results in an estimated price of approximately £285,714.
| 11 Jan 2012 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.5 | 149.7 | 73.160 % | £165,000 | £120,714 | £285,714 |
The Postcode Pricing Model uses changes in average sales price within the CO16 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 | 60.696 % | £100,148 | £265,148 |
| 3 Month Average | 59.680 % | £98,471 | £263,471 |
| 6 Month Average | 59.390 % | £97,993 | £262,993 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 22 Nov 2023 | £282,162 | £275,000 | 104 CLOES LANE |
| 13 Oct 2023 | £252,740 | £247,000 | 31 DEDHAM AVENUE |
| 8 Sep 2023 | £221,891 | £217,000 | 4 HADLEIGH ROAD |
| 24 Aug 2023 | £427,714 | £420,000 | 80 CLOES LANE |
| 24 Nov 2022 | £124,418 | £125,000 | 4 GARDENIA PLACE |
This house has a floor area of 72 sq meters or 778 sq feet when measured on 19 Apr 2011. Using an estimated price of £285,715 means this house is valued at £3,951 per sq meter (£367 per sq foot).
The average size of a house on CLOES LANE is 93 sq meters (1,003 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Dedham Avenue |
| Oct 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Dedham Avenue |
| Oct 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Dedham Avenue |
| Sep 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Dedham Avenue |
| Sep 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Dedham Avenue |