This estimated value is based upon the latest sale price for the house of £210,000 on 24 Mar 2017. This value is then adjusted by the current Official House Price Index for THURROCK1
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|£210,000||24 Mar 2017|
|£177,000||22 May 2015|
|£154,600||28 Feb 2007|
This model uses changes in the Official Land Registry House Price Index for THURROCK to estimate the market value.
When this house was purchased in March 2017 the House Price Index for THURROCK was 128.4.The House Price Index as of 1 Jun 2019 is 133.0 which is a change of 3.518%.
Applying this 3.518% change to the original purchase price of £210,000 gives us an estimated price now of around £217,388.
|24 Mar 2017||1 Jun 2019||% change||Purchase Price||Gain / Loss||Estimated Price|
The Postcode Pricing Model uses changes in average sales price within the RM19 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||-12.103 %||£-25,416||£184,583|
|3 Month Average||-9.414 %||£-19,769||£190,230|
|6 Month Average||-1.463 %||£-3,072||£206,927|
In this model we estimate the price by looking at how the average sale prices have changed since the house was purchased.
In March 2017 the average sale price for the 50 nearest sales within three miles of 16 CASPIAN CLOSE was £237,967.
In October 2019 the average sale price for the 48 nearest sales was £280,847. This is a change of 18.020%.
So taking the original purchase price of £210,000 and adjusting it by 18.020% gives an estimated price of £247,841.
View a detailed breakdown on the calculations used for this estimate and guidelines on its accuracy.
|Average price on 24 Mar 2017||Average price on 31 Oct 2019||% change||Purchase Price||Gain / Loss||Estimated Price|
|Date||Current Estimated Value||Price Paid||Address|
|7 May 2019||£219,882||£220,000||188 CASPIAN WAY|
|14 Nov 2018||£136,983||£140,000||80 CASPIAN WAY|
|1 Oct 2018||£309,580||£317,500||174 CASPIAN WAY|
|25 May 2018||£203,835||£205,000||138 CASPIAN WAY|
|2 Mar 2018||£322,172||£325,000||158 CASPIAN WAY|