This estimated value is based upon the latest sale price for the house of £208,995 on 31 Mar 2000. This value is then adjusted by the current Official House Price Index for ESSEX1
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|£208,995||31 Mar 2000|
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 March 2000 the House Price Index for ESSEX was 37.7.The House Price Index as of 1 Jun 2019 is 131.4 which is a change of 248.746%.
Applying this 248.746% change to the original purchase price of £208,995 gives us an estimated price now of around £728,861.
|31 Mar 2000||1 Jun 2019||% change||Purchase Price||Gain / Loss||Estimated Price|
The Postcode Pricing Model uses changes in average sales price within the CM77 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||161.543 %||£337,616||£546,611|
|3 Month Average||167.828 %||£350,752||£559,747|
|6 Month Average||203.568 %||£425,447||£634,442|
In this model we estimate the price by looking at how the average sale prices have changed since the house was purchased.
In March 2000 the average sale price for the 50 nearest sales within three quarters of a mile of 11 PINTAIL CRESCENT was £142,954.
In October 2019 the average sale price for the 34 nearest sales was £269,355. This is a change of 88.421%.
So taking the original purchase price of £208,995 and adjusting it by 88.421% gives an estimated price of £393,790.
View a detailed breakdown on the calculations used for this estimate and guidelines on its accuracy.
|Average price on 31 Mar 2000||Average price on 31 Oct 2019||% change||Purchase Price||Gain / Loss||Estimated Price|
|Date||Current Estimated Value||Price Paid||Address|
|24 Jun 2019||£415,000||£415,000||7 BRANCASTER DRIVE|
|31 Jan 2019||£260,726||£260,000||41 POCHARD WAY|
|24 Aug 2018||£255,859||£255,000||6 POCHARD WAY|
|29 Jun 2018||£329,977||£325,000||50 POCHARD WAY|
|4 May 2018||£478,738||£470,000||33 POCHARD WAY|