£496,271
This estimated value is based upon the latest sale price for the house of £485,000 on 12 Oct 2023. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £485,000 | 12 Oct 2023 |
| £249,995 | 30 Aug 2006 |
| £200,000 | 6 Oct 2004 |
| 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 October 2023 the House Price Index for ESSEX was 146.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.324%.Applying this 2.324% change to the original purchase price of £485,000 results in an estimated price of approximately £496,271.
| 12 Oct 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.3 | 149.7 | 2.324 % | £485,000 | £11,271 | £496,271 |
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 | 5.703 % | £27,661 | £512,661 |
| 3 Month Average | 4.553 % | £22,082 | £507,082 |
| 6 Month Average | -2.568 % | £-12,455 | £472,544 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 5 Mar 2024 | £228,511 | £225,000 | 3 SPRING ROAD |
| 12 Oct 2023 | £368,366 | £360,000 | 2 OLD SCHOOL CLOSE |
| 12 Oct 2023 | £496,271 | £485,000 | WARREN VIEW KINGS CLOSE |
| 21 Apr 2023 | £157,954 | £155,000 | 2 PRIORY COURT CHAPEL LANE |
| 18 Jul 2022 | £328,289 | £325,000 | 19 SPRING ROAD |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Violence and sexual offences | Under investigation | On or near King'S Close |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near King'S Close |
| Oct 2024 | Anti-social behaviour | On or near Old School Close | |
| Oct 2024 | Anti-social behaviour | On or near Old School Close | |
| Sep 2024 | Public order | Investigation complete; no suspect identified | On or near Old School Close |