Full Address

119 LONDON ROAD
COPFORD
COLCHESTER
ESSEX
UNITED KINGDOM
CO6 1LH

Estimated Market Value

£322,010

This estimated value is based upon the latest sale price for the house of £144,500 on 6 Sep 2002. 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
£144,5006 Sep 2002
£73,5003 Nov 1997
£69,95022 Nov 1996
£72,00021 Mar 1995
House Details
Semi-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 September 2002 the House Price Index for ESSEX was 59.0.

The House Price Index as of 1 Jun 2019 is 131.4 which is a change of 122.844%.

Applying this 122.844% change to the original purchase price of £144,500 gives us an estimated price now of around £322,009.

6 Sep 2002 1 Jun 2019 % change Purchase Price Gain / Loss Estimated Price
59.0 131.4 122.844 % £144,500 £177,509 £322,009

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 105.621 % £152,621 £297,121
3 Month Average 106.700 % £154,181 £298,681
6 Month Average 102.736 % £148,453 £292,953

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

In September 2002 the average sale price for the 50 nearest sales within four miles of 119 LONDON ROAD was £135,435.

In October 2019 the average sale price for the 50 nearest sales was £250,724. This is a change of 85.125%.

So taking the original purchase price of £144,500 and adjusting it by 85.125% gives an estimated price of £267,506.

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

Average price on 6 Sep 2002 Average price on 31 Oct 2019 % change Purchase Price Gain / Loss Estimated Price
£135,435 £250,724 85.125 % £144,500 £123,006 £267,506
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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