£324,528
This estimated value is based upon the latest sale price for the house of £245,000 on 17 Oct 2016. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £245,000 | 17 Oct 2016 |
| £168,000 | 9 Dec 2005 |
| £132,500 | 30 Apr 2002 |
| Terraced |
| Freehold |
| Floor Area: 75 sq meters or 807 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 October 2016 the House Price Index for ESSEX was 112.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 32.461%.Applying this 32.461% change to the original purchase price of £245,000 results in an estimated price of approximately £324,528.
| 17 Oct 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 112.2 | 148.6 | 32.461 % | £245,000 | £79,528 | £324,528 |
The Postcode Pricing Model uses changes in average sales price within the CO4 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 | 16.106 % | £39,460 | £284,460 |
| 3 Month Average | 16.430 % | £40,252 | £285,252 |
| 6 Month Average | 28.981 % | £71,002 | £316,002 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Dec 2023 | £152,671 | £150,000 | 132 GAVIN WAY |
| 28 Sep 2023 | £278,562 | £275,000 | 16 MAGNUS DRIVE |
| 31 Jul 2023 | £204,756 | £202,000 | 94 GAVIN WAY |
| 20 Jul 2023 | £344,638 | £340,000 | 2 CARACALLA WAY |
| 30 Jun 2023 | £202,452 | £200,000 | 19 CARUS CRESCENT |
This house has a floor area of 75 sq meters or 807 sq feet when measured on 16 Jun 2016. Using an estimated price of £324,528 means this house is valued at £4,327 per sq meter (£401 per sq foot).
The average size of a house on CARACALLA WAY is 82 sq meters (886 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Other theft | Investigation complete; no suspect identified | On or near Caracalla Way |
| Jan 2024 | Anti-social behaviour | On or near Caracalla Way | |
| Jan 2024 | Anti-social behaviour | On or near Caracalla Way | |
| Jan 2024 | Anti-social behaviour | On or near Caracalla Way | |
| Jan 2024 | Public order | Investigation complete; no suspect identified | On or near Caracalla Way |