£608,839
This estimated value is based upon the latest sale price for the house of £565,000 on 8 Sep 2021. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £565,000 | 8 Sep 2021 |
| Detached |
| Freehold |
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 2021 the House Price Index for ESSEX was 137.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 7.759%.Applying this 7.759% change to the original purchase price of £565,000 results in an estimated price of approximately £608,839.
| 8 Sep 2021 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 137.9 | 148.6 | 7.759 % | £565,000 | £43,839 | £608,839 |
The Postcode Pricing Model uses changes in average sales price within the CM8 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 | -40.736 % | £-230,159 | £334,840 |
| 3 Month Average | -35.874 % | £-202,689 | £362,310 |
| 6 Month Average | -7.789 % | £-44,008 | £520,991 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 7 Dec 2023 | £534,349 | £525,000 | 5 BUCKLEYS CLOSE |
| 10 Nov 2023 | £487,213 | £480,000 | 26 WELLANDS |
| 3 Aug 2023 | £534,678 | £530,000 | 22 HOLT DRIVE |
| 26 Jun 2023 | £1,204,591 | £1,190,000 | 53 CHURCH ROAD |
| 22 Jun 2023 | £708,584 | £700,001 | 23 WELLANDS |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Other theft | Unable to prosecute suspect | On or near Wellands |
| Feb 2024 | Other crime | Unable to prosecute suspect | On or near Wellands |
| Mar 2024 | Vehicle crime | Under investigation | On or near The Warrens |
| Feb 2024 | Public order | Unable to prosecute suspect | On or near Poney Chase |
| Dec 2023 | Other crime | Investigation complete; no suspect identified | On or near Poney Chase |