£595,246
This estimated value is based upon the latest sale price for the house of £475,000 on 1 Jun 2018. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £475,000 | 1 Jun 2018 |
| £128,000 | 17 Oct 1997 |
| Detached |
| Freehold |
| Floor Area: 136 sq meters or 1,463 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 June 2018 the House Price Index for ESSEX was 119.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 25.315%.Applying this 25.315% change to the original purchase price of £475,000 results in an estimated price of approximately £595,246.
| 1 Jun 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 119.5 | 149.7 | 25.315 % | £475,000 | £120,246 | £595,246 |
The Postcode Pricing Model uses changes in average sales price within the CO4 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 | 16.269 % | £77,276 | £552,276 |
| 3 Month Average | 12.063 % | £57,297 | £532,297 |
| 6 Month Average | 9.591 % | £45,559 | £520,559 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Mar 2024 | £507,802 | £500,000 | 3 GRESLEY CLOSE |
| 25 Aug 2023 | £555,010 | £545,000 | 90 PETO AVENUE |
| 19 Aug 2022 | £592,772 | £590,000 | 82 PETO AVENUE |
| 5 Aug 2022 | £512,396 | £510,000 | 2 FELLOWES CLOSE |
| 10 Dec 2021 | £388,551 | £360,000 | 17 THORNTON DRIVE |
This house has a floor area of 136 sq meters or 1,463 sq feet when measured on 19 Mar 2018. Using an estimated price of £595,246 means this house is valued at £4,376 per sq meter (£406 per sq foot).
The average size of a house on PETO AVENUE is 97 sq meters (1,049 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Gresley Close |
| Jul 2024 | Shoplifting | Under investigation | On or near Shopping Area |
| Jul 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Shopping Area |
| Jun 2024 | Anti-social behaviour | On or near Shopping Area | |
| Jun 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Shopping Area |