£213,023
This estimated value is based upon the latest sale price for the house of £84,000 on 12 Dec 2002. This value is then adjusted by the current Official House Price Index for ESSEX 1
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Price Paid | Date |
---|---|
£84,000 | 12 Dec 2002 |
Terraced |
Freehold |
Floor Area: 126 sq meters or 1,356 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 December 2002 the House Price Index for ESSEX was 58.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 153.600%.Applying this 153.600% change to the original purchase price of £84,000 results in an estimated price of approximately £213,023.
12 Dec 2002 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
58.6 | 148.6 | 153.600 % | £84,000 | £129,023 | £213,023 |
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 | 173.437 % | £145,686 | £229,686 |
3 Month Average | 82.424 % | £69,236 | £153,236 |
6 Month Average | 95.636 % | £80,334 | £164,334 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
30 Jun 2023 | £121,471 | £120,000 | FLAT 3 DEAN COURT, 39 ELLIS ROAD |
15 Jun 2023 | £303,678 | £300,000 | 53 WEST AVENUE |
3 Feb 2023 | £59,960 | £60,000 | FLAT 5A 64 ELLIS ROAD |
4 Jan 2023 | £233,898 | £235,000 | 54 OLD ROAD |
23 Nov 2022 | £242,068 | £245,000 | 106 ROSEMARY ROAD WEST |
This house has a floor area of 126 sq meters or 1,356 sq feet when measured on 8 Aug 2019. Using an estimated price of £213,024 means this house is valued at £1,690 per sq meter (£157 per sq foot).
The average size of a house on OLD ROAD is 75 sq meters (807 sq feet).