£649,236
This estimated value is based upon the latest sale price for the house of £475,000 on 22 Jan 2016. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £475,000 | 22 Jan 2016 |
| 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 January 2016 the House Price Index for ESSEX was 108.3.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 36.681%.Applying this 36.681% change to the original purchase price of £475,000 results in an estimated price of approximately £649,236.
| 22 Jan 2016 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 108.3 | 148.0 | 36.681 % | £475,000 | £174,236 | £649,236 |
The Postcode Pricing Model uses changes in average sales price within the CO6 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 | 55.701 % | £264,578 | £739,578 |
| 3 Month Average | 33.321 % | £158,273 | £633,273 |
| 6 Month Average | 17.558 % | £83,401 | £558,401 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 29 Sep 2022 | £770,627 | £780,000 | ORCHARD COTTAGE CHAPEL LANE |
| 31 Jan 2022 | £455,949 | £435,000 | 13 VALLEY CRESCENT |
| 26 Nov 2021 | £667,831 | £620,000 | 5 VALLEY VIEW CHAPEL LANE |
| 30 Sep 2021 | £364,902 | £340,000 | 2 VALLEY CRESCENT |
| 28 Sep 2021 | £509,790 | £475,000 | 5 VALLEY CRESCENT |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Oak Close |
| Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near Moss Way |
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Chapel Road |
| Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near Chapel Road |
| Mar 2024 | Other theft | Unable to prosecute suspect | On or near Granville Close |