£414,475
This estimated value is based upon the latest sale price for the house of £230,000 on 6 Dec 2005. This value is then adjusted by the current Official House Price Index for ESSEX 1
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1 Lower Road, Loughton, IG10 2RS
Phone: 02081152359
| Price Paid | Date |
|---|---|
| £230,000 | 6 Dec 2005 |
| 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 December 2005 the House Price Index for ESSEX was 82.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 80.207%.Applying this 80.207% change to the original purchase price of £230,000 results in an estimated price of approximately £414,475.
| 6 Dec 2005 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 82.5 | 148.6 | 80.207 % | £230,000 | £184,475 | £414,475 |
The Postcode Pricing Model uses changes in average sales price within the IG10 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 | 71.050 % | £163,415 | £393,415 |
| 3 Month Average | 69.753 % | £160,430 | £390,430 |
| 6 Month Average | 95.645 % | £219,982 | £449,982 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 2 Aug 2023 | £239,596 | £237,500 | 40 MAPLE GATE |
| 19 Jan 2023 | £298,593 | £300,000 | 3 FORESTERS COURT THE CROFT |
| 10 Aug 2022 | £276,256 | £277,000 | 31 MAPLE GATE |
| 27 Jul 2021 | £953,890 | £830,000 | 37C LOWER ROAD |
| 8 Jul 2021 | £45,971 | £40,000 | 4 GOLDINGS HILL |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Drugs | Investigation complete; no suspect identified | On or near Rectory Court |
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Millsmead Way |
| Dec 2023 | Shoplifting | Investigation complete; no suspect identified | On or near Millsmead Way |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Parking Area |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Parking Area |