£609,956
This estimated value is based upon the latest sale price for the house of £495,000 on 22 May 2020. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £495,000 | 22 May 2020 |
| Detached |
| Freehold |
| Floor Area: 112 sq meters or 1,205 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 May 2020 the House Price Index for ESSEX was 121.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 23.224%.Applying this 23.224% change to the original purchase price of £495,000 results in an estimated price of approximately £609,956.
| 22 May 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.5 | 149.7 | 23.224 % | £495,000 | £114,956 | £609,956 |
The Postcode Pricing Model uses changes in average sales price within the CO3 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 | 21.401 % | £105,933 | £600,933 |
| 3 Month Average | 29.110 % | £144,093 | £639,093 |
| 6 Month Average | 20.998 % | £103,942 | £598,942 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Sep 2024 | £640,000 | £640,000 | 122 PRETTYGATE ROAD |
| 30 Apr 2024 | £327,847 | £325,000 | 146 MAGAZINE FARM WAY |
| 5 Apr 2024 | £519,511 | £515,000 | 33 CHURCH LANE |
| 5 Apr 2024 | £418,635 | £415,000 | 2 HERRICK PLACE |
| 18 Aug 2023 | £555,010 | £545,000 | 35 CHURCH LANE |
This house has a floor area of 112 sq meters or 1,205 sq feet when measured on 25 Jul 2019. Using an estimated price of £609,956 means this house is valued at £5,446 per sq meter (£505 per sq foot).
The average size of a house on PARSONS HILL is 177 sq meters (1,908 sq feet).
This house is the smallest in the street with a floor area of 112 sq meters (1,205 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Parson'S Hill |
| Sep 2024 | Drugs | Local resolution | On or near Magazine Farm Way |
| Aug 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Magazine Farm Way |
| Nov 2024 | Public order | Unable to prosecute suspect | On or near Scott Drive |
| Nov 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Bawtree Way |