£1,005,142
This estimated value is based upon the latest sale price for the house of £830,000 on 26 Jun 2020. This value is then adjusted by the current Official House Price Index for ESSEX 1
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1 Lower Road, Loughton, IG10 2RS
Phone: 02081152359
Price Paid | Date |
---|---|
£830,000 | 26 Jun 2020 |
£392,000 | 1 Aug 2005 |
£355,000 | 21 Feb 2003 |
Detached |
Freehold |
Floor Area: 135 sq meters or 1,453 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 June 2020 the House Price Index for ESSEX was 122.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 21.102%.Applying this 21.102% change to the original purchase price of £830,000 results in an estimated price of approximately £1,005,142.
26 Jun 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
122.7 | 148.6 | 21.102 % | £830,000 | £175,142 | £1,005,142 |
The Postcode Pricing Model uses changes in average sales price within the IG10 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 | 4.220 % | £35,027 | £865,027 |
3 Month Average | 12.371 % | £102,680 | £932,680 |
6 Month Average | -1.266 % | £-10,503 | £819,496 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
12 Feb 2023 | £771,481 | £772,000 | 25 SEDLEY RISE |
16 Nov 2022 | £956,415 | £968,000 | 76 SEDLEY RISE |
10 Mar 2022 | £888,077 | £857,000 | 48 SEDLEY RISE |
22 Feb 2022 | £1,043,451 | £995,000 | 78 SEDLEY RISE |
4 Feb 2022 | £854,686 | £815,000 | 6 SEDLEY RISE |
This house has a floor area of 135 sq meters or 1,453 sq feet when measured on 13 Jun 2014. Using an estimated price of £1,005,143 means this house is valued at £7,445 per sq meter (£691 per sq foot).
The average size of a house on ASHFIELDS is 167 sq meters (1,802 sq feet).