£162,321
This estimated value is based upon the latest sale price for the house of £97,000 on 24 Jul 2013. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £97,000 | 24 Jul 2013 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 52 sq meters or 559 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 July 2013 the House Price Index for ESSEX was 89.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 67.342%.Applying this 67.342% change to the original purchase price of £97,000 results in an estimated price of approximately £162,321.
| 24 Jul 2013 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 89.5 | 149.7 | 67.342 % | £97,000 | £65,321 | £162,321 |
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 | 58.019 % | £56,278 | £153,278 |
| 3 Month Average | 76.000 % | £73,720 | £170,720 |
| 6 Month Average | 74.768 % | £72,524 | £169,524 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 Apr 2024 | £242,102 | £240,000 | 55 MOUNT PLEASANT |
| 8 Dec 2023 | £593,229 | £575,000 | 11 FAMBRIDGE ROAD |
| 27 Oct 2023 | £245,578 | £240,000 | 15D FRIARS LANE |
| 9 Aug 2023 | £274,959 | £270,000 | 41 MOUNT PLEASANT |
| 12 Jun 2023 | £306,135 | £300,000 | 3 WARE VIEW TERRACE SPITAL ROAD |
This house has a floor area of 52 sq meters or 559 sq feet when measured on 6 Jul 2012. Using an estimated price of £162,322 means this house is valued at £3,121 per sq meter (£290 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 | Unable to prosecute suspect | On or near The Courtyard |
| Oct 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Friars Lane |
| Sep 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Friars Lane |
| Sep 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Friars Lane |
| Jul 2024 | Public order | Awaiting court outcome | On or near Friars Lane |