£804,631
This estimated value is based upon the latest sale price for the house of £174,995 on 31 Dec 1998. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £174,995 | 31 Dec 1998 |
| Detached |
| Freehold |
| Floor Area: 133 sq meters or 1,439 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 December 1998 the House Price Index for ESSEX was 32.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 359.802%.Applying this 359.802% change to the original purchase price of £174,995 results in an estimated price of approximately £804,631.
| 31 Dec 1998 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 32.3 | 148.6 | 359.802 % | £174,995 | £629,636 | £804,631 |
The Postcode Pricing Model uses changes in average sales price within the CM9 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 | 227.870 % | £398,760 | £573,755 |
| 3 Month Average | 266.335 % | £466,073 | £641,068 |
| 6 Month Average | 303.145 % | £530,488 | £705,483 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 4 Aug 2023 | £393,442 | £390,000 | 3 MIROSA DRIVE |
| 2 Aug 2023 | £327,868 | £325,000 | 5 REMINDER CLOSE |
| 26 Jul 2023 | £689,277 | £680,000 | 9 MERMAID WAY |
| 7 Jul 2023 | £623,390 | £615,000 | 18 OAK CLOSE |
| 31 Aug 2022 | £349,060 | £350,000 | 6 BEAUMONT WAY |
This house has a floor area of 133 sq meters or 1,439 sq feet when measured on 20 Apr 2010. Using an estimated price of £804,631 means this house is valued at £6,018 per sq meter (£559 per sq foot).
The average size of a house on MERMAID WAY is 192 sq meters (2,067 sq feet).
This house is the smallest in the street with a floor area of 133 sq meters (1,439 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Tideway |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Mirosa Drive |
| Dec 2023 | Theft from the person | Investigation complete; no suspect identified | On or near Mirosa Drive |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Thalatta Close |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Thalatta Close |