£455,049
This estimated value is based upon the latest sale price for the house of £82,000 on 5 Aug 1996. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £82,000 | 5 Aug 1996 |
| 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 August 1996 the House Price Index for ESSEX was 26.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 454.939%.Applying this 454.939% change to the original purchase price of £82,000 results in an estimated price of approximately £455,049.
| 5 Aug 1996 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 26.8 | 148.6 | 454.939 % | £82,000 | £373,049 | £455,049 |
The Postcode Pricing Model uses changes in average sales price within the CO6 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 | 587.285 % | £481,573 | £563,573 |
| 3 Month Average | 417.316 % | £342,199 | £424,199 |
| 6 Month Average | 391.607 % | £321,117 | £403,117 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 6 Sep 2023 | £374,792 | £370,000 | 3 ALBANY CLOSE |
| 4 Aug 2023 | £264,817 | £262,500 | 83 COLCHESTER ROAD |
| 17 Mar 2023 | £572,393 | £567,000 | 134 COLCHESTER ROAD |
| 9 Jan 2023 | £385,186 | £387,000 | 123 COLCHESTER ROAD |
| 18 May 2022 | £529,986 | £520,000 | TREETOP COTTAGE, 31 ALBANY ROAD |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Ormonde Close |
| Mar 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Garthwood Close |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Garthwood Close |
| Mar 2024 | Public order | Under investigation | On or near Armoury Road |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Armoury Road |