£240,133
This estimated value is based upon the latest sale price for the house of £235,000 on 1 Jun 2022. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £235,000 | 1 Jun 2022 |
| £185,000 | 18 Feb 2014 |
| Terraced |
| Freehold |
| Floor Area: 55 sq meters or 592 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 June 2022 the House Price Index for ESSEX was 146.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.184%.Applying this 2.184% change to the original purchase price of £235,000 results in an estimated price of approximately £240,133.
| 1 Jun 2022 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.5 | 149.7 | 2.184 % | £235,000 | £5,133 | £240,133 |
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 | 13.040 % | £30,645 | £265,645 |
| 3 Month Average | 10.457 % | £24,574 | £259,574 |
| 6 Month Average | 10.366 % | £24,359 | £259,359 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 Apr 2024 | £242,102 | £240,000 | 55 MOUNT PLEASANT |
| 11 Mar 2024 | £231,558 | £228,000 | 21 GUERNSEY COURT SPITAL ROAD |
| 4 Sep 2023 | £224,959 | £220,000 | 23 SPITAL ROAD |
| 9 Aug 2023 | £274,959 | £270,000 | 41 MOUNT PLEASANT |
| 25 Nov 2022 | £238,883 | £240,000 | 19 GUERNSEY COURT SPITAL ROAD |
This house has a floor area of 55 sq meters or 592 sq feet when measured on 26 Oct 2021. Using an estimated price of £240,133 means this house is valued at £4,366 per sq meter (£405 per sq foot).
The average size of a house on SPITAL ROAD is 69 sq meters (752 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Hospital |
| Aug 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Hospital |
| Jul 2024 | Drugs | Formal action is not in the public interest | On or near Hospital |
| Jul 2024 | Violence and sexual offences | Formal action is not in the public interest | On or near Hospital |
| Jul 2024 | Drugs | Investigation complete; no suspect identified | On or near Hospital |