£323,923
This estimated value is based upon the latest sale price for the house of £320,000 on 23 Jun 2023. This value is then adjusted by the current Official House Price Index for ESSEX 1
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Price Paid | Date |
---|---|
£320,000 | 23 Jun 2023 |
£161,000 | 3 Feb 2012 |
Detached |
Freehold |
Floor Area: 130 sq meters or 1,406 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 June 2023 the House Price Index for ESSEX was 146.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 1.226%.Applying this 1.226% change to the original purchase price of £320,000 results in an estimated price of approximately £323,923.
23 Jun 2023 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
146.8 | 148.6 | 1.226 % | £320,000 | £3,923 | £323,923 |
The Postcode Pricing Model uses changes in average sales price within the CO16 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 | -31.695 % | £-101,422 | £218,577 |
3 Month Average | 50.995 % | £163,185 | £483,185 |
6 Month Average | 22.033 % | £70,504 | £390,504 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
17 Nov 2023 | £253,757 | £250,000 | 10 SAXMUNDHAM WAY |
25 Sep 2023 | £268,432 | £265,000 | 9 FARMERS WAY |
23 Jun 2023 | £323,924 | £320,000 | 17 FARMERS WAY |
14 Apr 2022 | £308,940 | £300,000 | 32 BAWDSEY CLOSE |
18 Mar 2022 | £331,604 | £320,000 | 30 BAWDSEY CLOSE |
This house has a floor area of 130 sq meters or 1,406 sq feet when measured on 3 Aug 2010. Using an estimated price of £323,924 means this house is valued at £2,478 per sq meter (£230 per sq foot).
The average size of a house on FARMERS WAY is 108 sq meters (1,169 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Farmers Way |
Dec 2023 | Other crime | Under investigation | On or near Farmers Way |
Dec 2023 | Robbery | Under investigation | On or near Tyler Avenue |
Feb 2024 | Drugs | Under investigation | On or near Tanner Close |
Feb 2024 | Drugs | Investigation complete; no suspect identified | On or near Tanner Close |