£1,566,690
This estimated value is based upon the latest sale price for the house of £1,500,000 on 4 Feb 2022. This value is then adjusted by the current Official House Price Index for ESSEX 1
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Suite 19, Cornwallis Business Centre, Cornwallis House, Howard Road, Basildon, SS14 3BB
Phone: 01702787540
| Price Paid | Date |
|---|---|
| £1,500,000 | 4 Feb 2022 |
| 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 February 2022 the House Price Index for ESSEX was 141.7.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 4.446%.Applying this 4.446% change to the original purchase price of £1,500,000 results in an estimated price of approximately £1,566,690.
| 4 Feb 2022 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 141.7 | 148.0 | 4.446 % | £1,500,000 | £66,690 | £1,566,690 |
The Postcode Pricing Model uses changes in average sales price within the SS14 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 | -5.746 % | £-86,188 | £1,413,811 |
| 3 Month Average | 36.321 % | £544,821 | £2,044,821 |
| 6 Month Average | 16.335 % | £245,024 | £1,745,024 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 11 Aug 2023 | £291,774 | £290,000 | 5 FALCON PARK |
| 17 Jul 2023 | £363,438 | £360,000 | 70 NEW WAVERLEY ROAD |
| 9 Aug 2022 | £437,047 | £440,000 | 1 REGENT COURT |
| 5 Aug 2022 | £407,248 | £410,000 | 72 NEW WAVERLEY ROAD |
| 16 Mar 2022 | £258,020 | £250,000 | 2 FALCON PARK |