£508,240
This estimated value is based upon the latest sale price for the house of £495,000 on 4 May 2022. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £495,000 | 4 May 2022 |
| £129,995 | 20 Nov 1998 |
| Detached |
| Freehold |
| Floor Area: 86 sq meters or 925 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 May 2022 the House Price Index for ESSEX was 145.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.675%.Applying this 2.675% change to the original purchase price of £495,000 results in an estimated price of approximately £508,240.
| 4 May 2022 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 145.8 | 149.7 | 2.675 % | £495,000 | £13,240 | £508,240 |
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 | -7.130 % | £-35,295 | £459,704 |
| 3 Month Average | 16.719 % | £82,757 | £577,757 |
| 6 Month Average | 14.072 % | £69,654 | £564,654 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 9 Aug 2023 | £348,282 | £342,000 | 11 JERSEY ROAD |
| 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 | £446,636 | £435,000 | 5 MIROSA DRIVE |
This house has a floor area of 86 sq meters or 925 sq feet when measured on 30 Nov 2021. Using an estimated price of £508,241 means this house is valued at £5,909 per sq meter (£549 per sq foot).
The average size of a house on MIROSA DRIVE is 117 sq meters (1,265 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| 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 |
| 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 Jersey Road |