£479,383
This estimated value is based upon the latest sale price for the house of £388,000 on 15 Nov 2019. This value is then adjusted by the current Official House Price Index for ESSEX 1
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Unit 2 Buckingham Court, Rectory Lane, Loughton, IG10 2QZ
Phone: 02036414033
Price Paid | Date |
---|---|
£388,000 | 15 Nov 2019 |
Flats/Maisonettes |
Leasehold |
Floor Area: 61 sq meters or 656 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 November 2019 the House Price Index for ESSEX was 121.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 23.552%.Applying this 23.552% change to the original purchase price of £388,000 results in an estimated price of approximately £479,383.
15 Nov 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
121.2 | 149.7 | 23.552 % | £388,000 | £91,383 | £479,383 |
The Postcode Pricing Model uses changes in average sales price within the IG10 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 | -29.167 % | £-113,168 | £274,831 |
3 Month Average | 8.452 % | £32,794 | £420,794 |
6 Month Average | 5.893 % | £22,864 | £410,864 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
8 Dec 2023 | £459,107 | £445,000 | 16 LUNA COURT NEWMANS LANE |
17 Nov 2023 | £405,288 | £395,000 | 5 NOVA COURT NEWMANS LANE |
27 Oct 2023 | £435,900 | £426,000 | 6 COLSON PATH |
23 Jun 2023 | £414,303 | £406,000 | 16 THISTLE MEAD |
31 Jan 2023 | £466,246 | £465,000 | 12 LUNA COURT NEWMANS LANE |
This house has a floor area of 61 sq meters or 656 sq feet when measured on 5 Oct 2018. Using an estimated price of £479,383 means this house is valued at £7,858 per sq meter (£730 per sq foot).
The average size of a house on NEWMANS LANE is 76 sq meters (819 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jul 2024 | Vehicle crime | Under investigation | On or near Durnell Way |
May 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Durnell Way |
Jul 2024 | Anti-social behaviour | On or near Thistle Mead | |
Jun 2024 | Other theft | Investigation complete; no suspect identified | On or near Thistle Mead |
Jul 2024 | Theft from the person | Under investigation | On or near Colson Path |