£373,201
This estimated value is based upon the latest sale price for the house of £300,000 on 28 Sep 2018. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £300,000 | 28 Sep 2018 |
| £236,000 | 23 Mar 2016 |
| £188,000 | 14 Dec 2007 |
| Detached |
| Freehold |
| Floor Area: 66 sq meters or 710 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 September 2018 the House Price Index for ESSEX was 120.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.401%.Applying this 24.401% change to the original purchase price of £300,000 results in an estimated price of approximately £373,201.
| 28 Sep 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.3 | 149.7 | 24.401 % | £300,000 | £73,201 | £373,201 |
The Postcode Pricing Model uses changes in average sales price within the SS8 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 | 25.513 % | £76,538 | £376,538 |
| 3 Month Average | 29.074 % | £87,223 | £387,223 |
| 6 Month Average | 25.479 % | £76,436 | £376,436 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 12 Mar 2024 | £220,386 | £217,000 | 16 THELMA AVENUE |
| 8 Dec 2023 | £266,179 | £258,000 | 31A WAAREM AVENUE |
| 4 Dec 2023 | £296,099 | £287,000 | 3 MERLIN COURT |
| 23 Nov 2023 | £474,546 | £462,500 | 77 LONG ROAD |
| 5 Sep 2023 | £409,016 | £400,000 | 6 CONVENT ROAD |
This house has a floor area of 66 sq meters or 710 sq feet when measured on 28 Jan 2016. Using an estimated price of £373,202 means this house is valued at £5,654 per sq meter (£525 per sq foot).
The average size of a house on LIONEL ROAD is 103 sq meters (1,110 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Criminal damage and arson | Under investigation | On or near Lionel Road |
| Apr 2024 | Anti-social behaviour | On or near Lionel Road | |
| Apr 2024 | Anti-social behaviour | On or near Lionel Road | |
| Apr 2024 | Anti-social behaviour | On or near Lionel Road | |
| Apr 2024 | Anti-social behaviour | On or near Lionel Road |