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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|£144,500||6 Sep 2002|
|£73,500||3 Nov 1997|
|£69,950||22 Nov 1996|
|£72,000||21 Mar 1995|
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 Dec 2019 is 131.8 which is a change of 123.428%.
Applying this 123.428% change to the original purchase price of £144,500 gives us an estimated price now of around £322,854.
|6 Sep 2002||1 Dec 2019||% change||Purchase Price||Gain / Loss||Estimated Price|
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||86.279 %||£124,673||£269,173|
|3 Month Average||108.443 %||£156,700||£301,200|
|6 Month Average||125.865 %||£181,875||£326,375|
|Date||Current Estimated Value||Price Paid||Address|
|22 Jul 2019||£489,055||£485,000||4 QUEENSBERRY AVENUE|
|30 May 2019||£127,012||£125,000||FLAT 15 WINDMILL COURT LONDON ROAD|
|11 Dec 2018||£475,765||£475,000||40 QUEENSBERRY AVENUE|
|5 Nov 2018||£479,774||£480,000||18 QUEENSBERRY AVENUE|
|7 Sep 2018||£802,721||£800,000||2 MILLSTONE GREEN|