£629,216
This estimated value is based upon the latest sale price for the house of £600,000 on 11 Feb 2022. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £600,000 | 11 Feb 2022 |
| 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 2022 the House Price Index for ESSEX was 141.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 4.869%.Applying this 4.869% change to the original purchase price of £600,000 results in an estimated price of approximately £629,216.
| 11 Feb 2022 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 141.7 | 148.6 | 4.869 % | £600,000 | £29,216 | £629,216 |
The Postcode Pricing Model uses changes in average sales price within the CO4 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 | -12.951 % | £-77,706 | £522,293 |
| 3 Month Average | -9.846 % | £-59,077 | £540,922 |
| 6 Month Average | -5.356 % | £-32,137 | £567,862 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Dec 2023 | £455,469 | £447,500 | THE OLD FORGE HOUSE STRAIGHT ROAD |
| 8 Dec 2023 | £376,589 | £370,000 | 1A LINE COTTAGES STRAIGHT ROAD |
| 29 Sep 2023 | £354,533 | £350,000 | 2 HOBBS DRIVE |
| 25 Jul 2023 | £674,072 | £665,000 | REDTHORNS STRAIGHT ROAD |
| 21 Jun 2023 | £404,905 | £400,000 | 34 HILL FARM WAY |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Mill Road |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Cage Lane |
| Feb 2024 | Possession of weapons | Local resolution | On or near Hill Farm Way |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Pippin Drive |
| Mar 2024 | Public order | Unable to prosecute suspect | On or near Pippin Drive |