£175,441
This estimated value is based upon the latest sale price for the house of £140,000 on 12 Jun 2018. This value is then adjusted by the current Official House Price Index for ESSEX 1
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Price Paid | Date |
---|---|
£140,000 | 12 Jun 2018 |
£51,950 | 29 May 1998 |
Flats/Maisonettes |
Leasehold |
Floor Area: 45 sq meters or 484 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 June 2018 the House Price Index for ESSEX was 119.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 25.315%.Applying this 25.315% change to the original purchase price of £140,000 results in an estimated price of approximately £175,441.
12 Jun 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
119.5 | 149.7 | 25.315 % | £140,000 | £35,441 | £175,441 |
The Postcode Pricing Model uses changes in average sales price within the CM8 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 | 14.052 % | £19,672 | £159,672 |
3 Month Average | 14.084 % | £19,718 | £159,718 |
6 Month Average | 16.024 % | £22,433 | £162,433 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
25 Apr 2024 | £156,358 | £155,000 | FLAT 46 MOORFIELD COURT NEWLAND STREET |
26 Mar 2024 | £152,341 | £150,000 | FLAT 24 MOORFIELD COURT NEWLAND STREET |
15 Dec 2023 | £77,378 | £75,000 | 116 NEWLAND COURT NEWLAND STREET |
20 Oct 2023 | £76,743 | £75,000 | FLAT 54 MOORFIELD COURT NEWLAND STREET |
3 Oct 2023 | £145,300 | £142,000 | FLAT 34 MOORFIELD COURT NEWLAND STREET |
This house has a floor area of 45 sq meters or 484 sq feet when measured on 23 Dec 2015. Using an estimated price of £175,441 means this house is valued at £3,898 per sq meter (£362 per sq foot).
The average size of a house on NEWLAND STREET is 58 sq meters (627 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Oct 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Parking Area |
Aug 2024 | Drugs | Local resolution | On or near Parking Area |
Aug 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Parking Area |
Oct 2024 | Criminal damage and arson | Under investigation | On or near B1389 |
Sep 2024 | Anti-social behaviour | On or near B1389 |