£573,919
This estimated value is based upon the latest sale price for the house of £565,000 on 29 Sep 2023. This value is then adjusted by the current Official House Price Index for ESSEX 1
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Price Paid | Date |
---|---|
£565,000 | 29 Sep 2023 |
£544,000 | 30 Sep 2021 |
£380,000 | 22 Aug 2016 |
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 September 2023 the House Price Index for ESSEX was 145.7.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 1.579%.Applying this 1.579% change to the original purchase price of £565,000 results in an estimated price of approximately £573,919.
29 Sep 2023 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
145.7 | 148.0 | 1.579 % | £565,000 | £8,919 | £573,919 |
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 | -5.879 % | £-33,215 | £531,784 |
3 Month Average | -25.987 % | £-146,825 | £418,174 |
6 Month Average | -6.255 % | £-35,343 | £529,656 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
2 Nov 2023 | £308,966 | £305,000 | 11 CHESTNUT WALK |
15 Jun 2023 | £334,714 | £332,000 | 55 FLEMMING WAY |
3 Mar 2023 | £301,128 | £299,500 | 2 CHESTNUT WALK |
4 May 2022 | £322,291 | £317,500 | 9 PRENTICE PLACE |
22 Dec 2021 | £9,870,223 | £9,250,000 | UNIT 2 EASTWAYS |
Date | Crime | Outcome | Where |
---|---|---|---|
Mar 2024 | Anti-social behaviour | On or near Wright Grove | |
Mar 2024 | Anti-social behaviour | On or near Wright Grove | |
Feb 2024 | Violence and sexual offences | Local resolution | On or near Wright Grove |
Apr 2024 | Violence and sexual offences | Under investigation | On or near Jopson Mews |
Apr 2024 | Anti-social behaviour | On or near Eastways |