£196,781
This estimated value is based upon the latest sale price for the house of £188,500 on 31 Mar 2022. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £188,500 | 31 Mar 2022 |
| £185,950 | 7 Feb 2007 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 43 sq meters or 462 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 March 2022 the House Price Index for ESSEX was 143.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 4.393%.Applying this 4.393% change to the original purchase price of £188,500 results in an estimated price of approximately £196,781.
| 31 Mar 2022 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 143.4 | 149.7 | 4.393 % | £188,500 | £8,281 | £196,781 |
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 | -12.370 % | £-23,317 | £165,182 |
| 3 Month Average | 14.444 % | £27,226 | £215,726 |
| 6 Month Average | -9.093 % | £-17,140 | £171,359 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 11 Mar 2024 | £231,558 | £228,000 | 21 GUERNSEY COURT SPITAL ROAD |
| 8 Dec 2023 | £170,231 | £165,000 | FLAT 49 COOPER COURT SPITAL ROAD |
| 30 Nov 2023 | £184,688 | £180,000 | FLAT 43 COOPER COURT SPITAL ROAD |
| 30 Nov 2023 | £189,818 | £185,000 | FLAT 1 COOPER COURT SPITAL ROAD |
| 12 Oct 2023 | £301,856 | £295,000 | FLAT 9 COOPER COURT SPITAL ROAD |
This house has a floor area of 43 sq meters or 462 sq feet when measured on 8 Dec 2020. Using an estimated price of £196,781 means this house is valued at £4,576 per sq meter (£425 per sq foot).
The average size of a house on SPITAL ROAD is 69 sq meters (752 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Violence and sexual offences | Formal action is not in the public interest | On or near Hospital |
| Jul 2024 | Drugs | Under investigation | On or near Hospital |
| Jul 2024 | Drugs | Under investigation | On or near Hospital |
| Apr 2024 | Anti-social behaviour | On or near Hospital | |
| Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Hospital |