£153,284
This estimated value is based upon the latest sale price for the house of £85,000 on 22 Sep 2005. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £85,000 | 22 Sep 2005 |
| £69,000 | 5 Dec 2003 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 48 sq meters or 516 sq feet |
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 2005 the House Price Index for ESSEX was 81.3.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 80.335%.Applying this 80.335% change to the original purchase price of £85,000 results in an estimated price of approximately £153,284.
| 22 Sep 2005 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 81.3 | 146.7 | 80.335 % | £85,000 | £68,284 | £153,284 |
The Postcode Pricing Model uses changes in average sales price within the CO15 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 | 115.621 % | £98,278 | £183,278 |
| 3 Month Average | 43.943 % | £37,351 | £122,351 |
| 6 Month Average | 50.345 % | £42,793 | £127,793 |
This house has a floor area of 48 sq meters or 516 sq feet when measured on 10 Oct 2018.
The average size of a house on WELLESLEY ROAD is 93 sq meters (1,010 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Parking Area |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Meredith Road |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Meredith Road |
| Dec 2023 | Drugs | Local resolution | On or near Meredith Road |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Meredith Road |