£256,531
This estimated value is based upon the latest sale price for the house of £165,000 on 31 Oct 2007. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £165,000 | 31 Oct 2007 |
| Terraced |
| Freehold |
| Floor Area: 95 sq meters or 1,022 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 October 2007 the House Price Index for ESSEX was 95.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 55.473%.Applying this 55.473% change to the original purchase price of £165,000 results in an estimated price of approximately £256,531.
| 31 Oct 2007 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 95.6 | 148.6 | 55.473 % | £165,000 | £91,531 | £256,531 |
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 | 69.914 % | £115,357 | £280,357 |
| 3 Month Average | 30.103 % | £49,669 | £214,669 |
| 6 Month Average | 57.885 % | £95,510 | £260,510 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 27 Jul 2023 | £217,933 | £215,000 | 6 WIMSEY COURT |
| 15 Jun 2023 | £212,575 | £210,000 | 4 WIMSEY COURT |
| 1 Feb 2023 | £324,781 | £325,000 | 21 REDWOOD CLOSE |
| 30 Jun 2022 | £315,965 | £311,500 | 8 CEDAR DRIVE |
| 27 May 2022 | £346,529 | £340,000 | 2 LARCH GROVE |
This house has a floor area of 95 sq meters or 1,022 sq feet when measured on 10 Jun 2015. Using an estimated price of £256,531 means this house is valued at £2,700 per sq meter (£250 per sq foot).
The average size of a house on LARCH GROVE is 140 sq meters (1,514 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near Cherrytree Rise |
| Mar 2024 | Anti-social behaviour | On or near Dorothy Sayers Drive | |
| Mar 2024 | Anti-social behaviour | On or near Sycamore Close | |
| Feb 2024 | Other theft | Investigation complete; no suspect identified | On or near Sycamore Close |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Sycamore Close |