£331,140
This estimated value is based upon the latest sale price for the house of £270,000 on 15 Nov 2019. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £270,000 | 15 Nov 2019 |
| £270,000 | 15 Nov 2019 |
| Semi-Detached |
| Freehold |
| Floor Area: 85 sq meters or 914 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 November 2019 the House Price Index for ESSEX was 121.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 22.645%.Applying this 22.645% change to the original purchase price of £270,000 results in an estimated price of approximately £331,140.
| 15 Nov 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.2 | 148.6 | 22.645 % | £270,000 | £61,140 | £331,140 |
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 | 26.992 % | £72,878 | £342,878 |
| 3 Month Average | -1.205 % | £-3,253 | £266,746 |
| 6 Month Average | 11.535 % | £31,143 | £301,143 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 17 Aug 2023 | £487,263 | £483,000 | 46 TURNER ROAD |
| 21 Jul 2023 | £435,866 | £430,000 | 17 STAMMERS ROAD |
| 30 Jun 2023 | £344,169 | £340,000 | 197 MILL ROAD |
| 14 Jun 2023 | £359,353 | £355,000 | 24 STAMMERS ROAD |
| 26 Apr 2023 | £298,211 | £295,000 | 181 MILL ROAD |
This house has a floor area of 85 sq meters or 914 sq feet when measured on 12 Jul 2019. Using an estimated price of £331,140 means this house is valued at £3,895 per sq meter (£361 per sq foot).
The average size of a house on THORNWOOD is 110 sq meters (1,185 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Vehicle crime | Under investigation | On or near Orchard Place |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Orchard Place |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Thornwood |
| Feb 2024 | Anti-social behaviour | On or near Fieldview Close | |
| Feb 2024 | Anti-social behaviour | On or near Fieldview Close |