£330,699
This estimated value is based upon the latest sale price for the house of £248,000 on 30 Mar 2016. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £248,000 | 30 Mar 2016 |
| £187,000 | 11 Feb 2015 |
| Detached |
| Freehold |
| Floor Area: 57 sq meters or 613 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 March 2016 the House Price Index for ESSEX was 110.0.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 33.347%.Applying this 33.347% change to the original purchase price of £248,000 results in an estimated price of approximately £330,699.
| 30 Mar 2016 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 110.0 | 146.7 | 33.347 % | £248,000 | £82,699 | £330,699 |
The Postcode Pricing Model uses changes in average sales price within the SS8 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 | 43.509 % | £107,901 | £355,901 |
| 3 Month Average | 35.527 % | £88,108 | £336,108 |
| 6 Month Average | 43.382 % | £107,587 | £355,587 |
This house has a floor area of 57 sq meters or 613 sq feet when measured on 23 Apr 2014.
The average size of a house on RAINBOW ROAD is 109 sq meters (1,178 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Violence and sexual offences | Under investigation | On or near Keegan Place |
| Dec 2023 | Violence and sexual offences | Under investigation | On or near Keegan Place |
| Jan 2024 | Burglary | Unable to prosecute suspect | On or near Chamberlain Avenue |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Chamberlain Avenue |