£315,943
This estimated value is based upon the latest sale price for the house of £255,000 on 29 Jan 2018. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £255,000 | 29 Jan 2018 |
| £165,000 | 16 Jun 2004 |
| Terraced |
| Freehold |
| Floor Area: 87 sq meters or 936 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 January 2018 the House Price Index for ESSEX was 118.4.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 23.899%.Applying this 23.899% change to the original purchase price of £255,000 results in an estimated price of approximately £315,943.
| 29 Jan 2018 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 118.4 | 146.7 | 23.899 % | £255,000 | £60,943 | £315,943 |
The Postcode Pricing Model uses changes in average sales price within the CO1 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 | 1501.301 % | £3,828,316 | £4,083,316 |
| 3 Month Average | 18.053 % | £46,034 | £301,034 |
| 6 Month Average | 16.493 % | £42,056 | £297,056 |
This house has a floor area of 87 sq meters or 936 sq feet when measured on 16 Jul 2014.
The average size of a house on SHORTCUT ROAD is 58 sq meters (631 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Short Cut Road |
| Mar 2024 | Public order | Awaiting court outcome | On or near Short Cut Road |
| Feb 2024 | Public order | Investigation complete; no suspect identified | On or near Short Cut Road |
| Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Short Cut Road |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Short Cut Road |