£450,322
This estimated value is based upon the latest sale price for the house of £371,775 on 12 Sep 2019. This value is then adjusted by the current Official House Price Index for ESSEX 1
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8 Cambridge Road, Stansted, CM24 8BZ
Phone: 01279246659
| Price Paid | Date |
|---|---|
| £371,775 | 12 Sep 2019 |
| Detached |
| 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 September 2019 the House Price Index for ESSEX was 121.1.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 21.128%.Applying this 21.128% change to the original purchase price of £371,775 results in an estimated price of approximately £450,322.
| 12 Sep 2019 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.1 | 146.7 | 21.128 % | £371,775 | £78,547 | £450,322 |
The Postcode Pricing Model uses changes in average sales price within the CM22 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 | -26.822 % | £-99,718 | £272,056 |
| 3 Month Average | -19.988 % | £-74,309 | £297,465 |
| 6 Month Average | -11.438 % | £-42,524 | £329,250 |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Old Mead Road |
| Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Park/Open Space |
| Dec 2023 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Old Mead Road |
| Dec 2023 | Violence and sexual offences | Offender given a caution | On or near Lankester Close |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Elm Close |