£153,485
This estimated value is based upon the latest sale price for the house of £150,000 on 10 Oct 2023. This value is then adjusted by the current Official House Price Index for ESSEX 1
There has been one burglary within the last year on or near Salamanca Way
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| Price Paid | Date |
|---|---|
| £150,000 | 10 Oct 2023 |
| £132,758 | 25 May 2016 |
| £137,500 | 28 Apr 2008 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 72 sq meters or 775 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 October 2023 the House Price Index for ESSEX was 146.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.324%.Applying this 2.324% change to the original purchase price of £150,000 results in an estimated price of approximately £153,485.
| 10 Oct 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.3 | 149.7 | 2.324 % | £150,000 | £3,485 | £153,485 |
The Postcode Pricing Model uses changes in average sales price within the CO2 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 | -9.389 % | £-14,082 | £135,917 |
| 3 Month Average | 3.296 % | £4,944 | £154,944 |
| 6 Month Average | 4.882 % | £7,323 | £157,323 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Dec 2023 | £196,018 | £189,995 | 11 MANSION HOUSE SALAMANCA WAY |
| 10 Oct 2023 | £153,486 | £150,000 | 8 MANSION HOUSE SALAMANCA WAY |
| 28 Feb 2023 | £148,492 | £147,500 | 18 SALAMANCA WAY |
| 19 Jan 2023 | £159,927 | £159,500 | 2 MANSION HOUSE SALAMANCA WAY |
| 11 Jan 2023 | £411,098 | £410,000 | 12 CORUNNA DRIVE |
This house has a floor area of 72 sq meters or 775 sq feet when measured on 17 Oct 2012. Using an estimated price of £153,486 means this house is valued at £2,131 per sq meter (£198 per sq foot).
The average size of a house on SALAMANCA WAY is 71 sq meters (770 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Nov 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Salamanca Way |
| Oct 2024 | Burglary | Investigation complete; no suspect identified | On or near Salamanca Way |
| Oct 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Salamanca Way |
| Nov 2024 | Other theft | Under investigation | On or near Talavera Crescent |
| Aug 2024 | Bicycle theft | Investigation complete; no suspect identified | On or near Talavera Crescent |