£292,356
This estimated value is based upon the latest sale price for the house of £240,000 on 13 Jul 2020. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £240,000 | 13 Jul 2020 |
| £218,000 | 14 Jul 2017 |
| £260,000 | 31 Mar 2016 |
| Terraced |
| Freehold |
| Floor Area: 51 sq meters or 548 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 2020 the House Price Index for ESSEX was 122.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 21.815%.Applying this 21.815% change to the original purchase price of £240,000 results in an estimated price of approximately £292,356.
| 13 Jul 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 122.9 | 149.7 | 21.815 % | £240,000 | £52,356 | £292,356 |
The Postcode Pricing Model uses changes in average sales price within the CO9 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 | 54.139 % | £129,934 | £369,934 |
| 3 Month Average | 12.930 % | £31,032 | £271,032 |
| 6 Month Average | 10.977 % | £26,344 | £266,344 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Dec 2023 | £206,340 | £200,000 | 17 NORTH MILL PLACE |
| 20 Oct 2023 | £235,345 | £230,000 | 52 HEDINGHAM ROAD |
| 8 Sep 2023 | £281,199 | £275,000 | 66 HEDINGHAM ROAD |
| 28 Feb 2023 | £219,466 | £218,000 | 60 HEDINGHAM ROAD |
| 20 Feb 2023 | £312,085 | £310,000 | 13 BOIS FIELD TERRACE |
This house has a floor area of 51 sq meters or 548 sq feet when measured on 24 Oct 2016. Using an estimated price of £292,357 means this house is valued at £5,732 per sq meter (£532 per sq foot).
The average size of a house on MILL CHASE is 131 sq meters (1,410 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Violence and sexual offences | Under investigation | On or near Mill Green |
| Sep 2024 | Other theft | Under investigation | On or near Hospital |
| Oct 2024 | Other theft | Investigation complete; no suspect identified | On or near Parking Area |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Parking Area |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Parking Area |