£487,242
This estimated value is based upon the latest sale price for the house of £480,000 on 20 May 2022. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £480,000 | 20 May 2022 |
| £192,120 | 2 Dec 2005 |
| Detached |
| Freehold |
| Floor Area: 198 sq meters or 2,131 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 2022 the House Price Index for ESSEX was 145.8.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 1.509%.Applying this 1.509% change to the original purchase price of £480,000 results in an estimated price of approximately £487,242.
| 20 May 2022 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 145.8 | 148.0 | 1.509 % | £480,000 | £7,242 | £487,242 |
The Postcode Pricing Model uses changes in average sales price within the CO7 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 | -54.987 % | £-263,936 | £216,063 |
| 3 Month Average | -18.539 % | £-88,988 | £391,011 |
| 6 Month Average | -6.221 % | £-29,859 | £450,140 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 31 Jan 2023 | £272,605 | £275,000 | 18 HILL COTTAGES FLAG HILL |
| 20 May 2022 | £487,243 | £480,000 | RIVERSIDE FLAG HILL |
| 3 Apr 2022 | £274,872 | £268,000 | 11 ST MARYS ROAD |
| 4 Feb 2022 | £240,226 | £230,000 | 21 HILL COTTAGES FLAG HILL |
| 17 Jan 2022 | £307,110 | £293,000 | 19 PLOUGH ROAD |
This house has a floor area of 198 sq meters or 2,131 sq feet when measured on 14 May 2021. Using an estimated price of £487,243 means this house is valued at £2,460 per sq meter (£228 per sq foot).
The average size of a house on FLAG HILL is 190 sq meters (2,045 sq feet).
This house is the largest in the street with a floor area of 198 sq meters (2,131 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Park/Open Space |
| Mar 2024 | Other theft | Under investigation | On or near Park/Open Space |
| Mar 2024 | Other crime | Investigation complete; no suspect identified | On or near Parking Area |
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Parking Area |
| Apr 2024 | Burglary | Investigation complete; no suspect identified | On or near South Heath Road |