Full Address

103A LONDON ROAD
COPFORD
COLCHESTER
ESSEX
UNITED KINGDOM
CO6 1LH

Estimated Market Value

£403,201

This estimated value is based upon the latest sale price for the house of £265,000 on 1 Oct 2012. This value is then adjusted by the current Official House Price Index for ESSEX1

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Map

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Transactions for this house
Price PaidDate
£265,0001 Oct 2012
£240,00022 Dec 2003
£240,00022 Dec 2003
£152,5001 Jun 2000
House Details
Detached
Freehold

House Price Models

Land Registry House Price Index Model

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 2012 the House Price Index for ESSEX was 86.4.

The House Price Index as of 1 Jun 2019 is 131.4 which is a change of 52.151%.

Applying this 52.151% change to the original purchase price of £265,000 gives us an estimated price now of around £403,200.

1 Oct 2012 1 Jun 2019 % change Purchase Price Gain / Loss Estimated Price
86.4 131.4 52.151 % £265,000 £138,200 £403,200

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 42.638 % £112,990 £377,990
3 Month Average 28.111 % £74,495 £339,495
6 Month Average 24.228 % £64,204 £329,204

In this model we estimate the price by looking at how the average sale prices have changed since the house was purchased.

In October 2012 the average sale price for the 50 nearest sales within five miles of 103A LONDON ROAD was £209,566.

In October 2019 the average sale price for the 50 nearest sales was £250,724. This is a change of 19.640%.

So taking the original purchase price of £265,000 and adjusting it by 19.640% gives an estimated price of £317,045.

View a detailed breakdown on the calculations used for this estimate and guidelines on its accuracy.

Average price on 1 Oct 2012 Average price on 31 Oct 2019 % change Purchase Price Gain / Loss Estimated Price
£209,566 £250,724 19.640 % £265,000 £52,045 £317,045
Recent Sales Near Here
DateCurrent Estimated ValuePrice PaidAddress
7 Sep 2018 £800,418 £800,000 2 MILLSTONE GREEN
27 Apr 2018 £144,864 £142,500 FLAT 14 WINDMILL COURT LONDON ROAD
26 Mar 2018 £233,796 £230,000 115 LONDON ROAD
23 Mar 2018 £559,077 £550,000 4 SCHOOL ROAD
12 Jan 2018 £420,490 £414,000 128 LONDON ROAD

Show these sales on a map

1This estimate is algorithmically derived, and doesn't account for any specific improvements or changes made to this house. For an accurate valuation please consult a professional valuer, or estate agent.

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