£691,727
This estimated value is based upon the latest sale price for the house of £525,000 on 21 Nov 2016. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £525,000 | 21 Nov 2016 |
| Freehold |
| Floor Area: 50 sq meters or 538 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 November 2016 the House Price Index for ESSEX was 112.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 31.758%.Applying this 31.758% change to the original purchase price of £525,000 results in an estimated price of approximately £691,727.
| 21 Nov 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 112.8 | 148.6 | 31.758 % | £525,000 | £166,727 | £691,727 |
The Postcode Pricing Model uses changes in average sales price within the CO15 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 | 95.954 % | £503,760 | £1,028,760 |
| 3 Month Average | 13.471 % | £70,722 | £595,722 |
| 6 Month Average | 21.050 % | £110,512 | £635,512 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Dec 2023 | £703,306 | £691,000 | 2 STATION ROAD |
| 2 Jun 2023 | £251,041 | £248,000 | 21 PALLISTER ROAD |
| 10 Feb 2023 | £120,669 | £120,750 | 15A STATION ROAD |
| 11 Nov 2022 | £462,399 | £468,000 | 21 STATION ROAD |
| 5 Sep 2022 | £595,194 | £600,000 | 32 - 40 ROSEMARY ROAD |
This house has a floor area of 50 sq meters or 538 sq feet when measured on 7 Oct 2016. Using an estimated price of £691,727 means this house is valued at £13,834 per sq meter (£1,285 per sq foot).
The average size of a house on STATION ROAD is 57 sq meters (621 sq feet).