£554,444
This estimated value is based upon the latest sale price for the house of £540,000 on 27 May 2022. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £540,000 | 27 May 2022 |
| Detached |
| 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 May 2022 the House Price Index for ESSEX was 145.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.675%.Applying this 2.675% change to the original purchase price of £540,000 results in an estimated price of approximately £554,444.
| 27 May 2022 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 145.8 | 149.7 | 2.675 % | £540,000 | £14,444 | £554,444 |
The Postcode Pricing Model uses changes in average sales price within the CO16 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 | -17.885 % | £-96,579 | £443,420 |
| 3 Month Average | -11.143 % | £-60,171 | £479,828 |
| 6 Month Average | -7.332 % | £-39,594 | £500,405 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 May 2024 | £315,000 | £315,000 | 6 BELDAMS CLOSE |
| 24 Oct 2022 | £463,452 | £465,000 | HAMFORD LONSDALE ROAD |
| 15 Jul 2022 | £287,885 | £285,000 | 9 CHAPLIN DRIVE |
| 13 Jul 2022 | £353,543 | £350,000 | 69 LANDERMERE ROAD |
| 1 Jun 2022 | £510,921 | £500,000 | GUNFLEET LONSDALE ROAD |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Cross Way |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Cross Way |
| Aug 2024 | Other theft | Investigation complete; no suspect identified | On or near Ronson Drive |
| Aug 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Abbey Crescent |
| Sep 2024 | Other theft | Investigation complete; no suspect identified | On or near New Thorpe Avenue |