£271,283
This estimated value is based upon the latest sale price for the house of £59,000 on 1 Dec 1998. This value is then adjusted by the current Official House Price Index for ESSEX 1
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8 Cambridge Road, Stansted, CM24 8BZ
Phone: 01279246659
| Price Paid | Date |
|---|---|
| £59,000 | 1 Dec 1998 |
| £42,000 | 28 Mar 1996 |
| Terraced |
| 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 December 1998 the House Price Index for ESSEX was 32.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 359.802%.Applying this 359.802% change to the original purchase price of £59,000 results in an estimated price of approximately £271,283.
| 1 Dec 1998 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 32.3 | 148.6 | 359.802 % | £59,000 | £212,283 | £271,283 |
The Postcode Pricing Model uses changes in average sales price within the CM24 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 | 420.649 % | £248,182 | £307,182 |
| 3 Month Average | 338.008 % | £199,424 | £258,424 |
| 6 Month Average | 372.771 % | £219,935 | £278,935 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 29 Nov 2023 | £279,133 | £275,000 | 18 THE MEWS |
| 9 Nov 2023 | £603,941 | £595,000 | 6 MEADOWCROFT |
| 27 Jun 2023 | £177,146 | £175,000 | 9 THE MEWS |
| 23 Jun 2023 | £303,678 | £300,000 | 11 GROVE HILL |
| 28 Apr 2023 | £353,810 | £350,000 | 64 LOWER STREET |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Anti-social behaviour | On or near Lower Street | |
| Dec 2023 | Other theft | Unable to prosecute suspect | On or near Lower Street |
| Mar 2024 | Drugs | Under investigation | On or near Gall End Lane |
| Jan 2024 | Other theft | Unable to prosecute suspect | On or near B1051 |
| Dec 2023 | Drugs | Local resolution | On or near B1051 |