£4,167
This estimated value is based upon the latest sale price for the house of £3,450 on 10 Feb 2020. This value is then adjusted by the current Official House Price Index for ESSEX 1
There has been one burglary within the last year on or near Mill Lane
More crime details
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| Price Paid | Date |
|---|---|
| £3,450 | 10 Feb 2020 |
| £118,000 | 7 Nov 2003 |
| Freehold |
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 February 2020 the House Price Index for ESSEX was 121.5.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 20.785%.Applying this 20.785% change to the original purchase price of £3,450 results in an estimated price of approximately £4,167.
| 10 Feb 2020 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.5 | 146.7 | 20.785 % | £3,450 | £717 | £4,167 |
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 | 14.316 % | £493 | £3,943 |
| 3 Month Average | 16.412 % | £566 | £4,016 |
| 6 Month Average | 21.502 % | £741 | £4,191 |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Other theft | Investigation complete; no suspect identified | On or near Mill Lane |
| Jan 2024 | Burglary | Investigation complete; no suspect identified | On or near Mill Lane |
| Dec 2023 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Mill Lane |
| Dec 2023 | Anti-social behaviour | On or near Mill Lane | |
| Dec 2023 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Mill Lane |