£148,580
This estimated value is based upon the latest sale price for the house of £72,000 on 31 Mar 2004. This value is then adjusted by the current Official House Price Index for ESSEX 1
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20 Bank Street, Braintree, CM7 1UP
Phone: 01376538236
| Price Paid | Date |
|---|---|
| £72,000 | 31 Mar 2004 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 56 sq meters or 602 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 March 2004 the House Price Index for ESSEX was 71.1.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 106.362%.Applying this 106.362% change to the original purchase price of £72,000 results in an estimated price of approximately £148,580.
| 31 Mar 2004 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 71.1 | 146.7 | 106.362 % | £72,000 | £76,580 | £148,580 |
The Postcode Pricing Model uses changes in average sales price within the CM7 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 | 70.102 % | £50,473 | £122,473 |
| 3 Month Average | 66.007 % | £47,524 | £119,524 |
| 6 Month Average | 90.083 % | £64,859 | £136,859 |
This house has a floor area of 56 sq meters or 602 sq feet when measured on 15 Aug 2020.
The average size of a house on LANCASTER WAY is 68 sq meters (736 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Shoplifting | Local resolution | On or near Lancaster Way |
| Mar 2024 | Drugs | Local resolution | On or near Lancaster Way |
| Feb 2024 | Anti-social behaviour | On or near Lancaster Way | |
| Feb 2024 | Anti-social behaviour | On or near Lancaster Way | |
| Dec 2023 | Violence and sexual offences | Action to be taken by another organisation | On or near Lancaster Way |