£314,993
This estimated value is based upon the latest sale price for the house of £255,000 on 22 Feb 2019. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £255,000 | 22 Feb 2019 |
| £145,000 | 29 Apr 2009 |
| Semi-Detached |
| Freehold |
| Floor Area: 90 sq meters or 968 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 February 2019 the House Price Index for ESSEX was 120.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.527%.Applying this 23.527% change to the original purchase price of £255,000 results in an estimated price of approximately £314,993.
| 22 Feb 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.3 | 148.6 | 23.527 % | £255,000 | £59,993 | £314,993 |
The Postcode Pricing Model uses changes in average sales price within the CO1 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 | 1778.637 % | £4,535,525 | £4,790,525 |
| 3 Month Average | 13.557 % | £34,569 | £289,569 |
| 6 Month Average | 9.756 % | £24,878 | £279,878 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Sep 2023 | £324,145 | £320,000 | 32 WAKEFIELD CLOSE |
| 14 Jun 2023 | £344,169 | £340,000 | 20 LINCOLN WAY |
| 2 Jun 2023 | £334,046 | £330,000 | 53 GUILDFORD ROAD |
| 22 Feb 2023 | £339,771 | £340,000 | 3 LEICESTER CLOSE |
| 30 Aug 2022 | £299,195 | £300,000 | 1 WAKEFIELD CLOSE |
This house has a floor area of 90 sq meters or 968 sq feet when measured on 14 Jan 2019. Using an estimated price of £314,993 means this house is valued at £3,499 per sq meter (£325 per sq foot).
The average size of a house on WORCESTER ROAD is 100 sq meters (1,086 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Vehicle crime | Awaiting court outcome | On or near Worcester Road |
| Dec 2023 | Vehicle crime | Awaiting court outcome | On or near Worcester Road |
| Dec 2023 | Vehicle crime | Unable to prosecute suspect | On or near Norwich Close |
| Dec 2023 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Carlisle Close |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Bristol Road |