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 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|
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|
|Date||Current Estimated Value||Price Paid||Address|
|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|