£247,629
This estimated value is based upon the latest sale price for the house of £176,000 on 22 Oct 2015. This value is then adjusted by the current Official House Price Index for ESSEX 1
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Price Paid | Date |
---|---|
£176,000 | 22 Oct 2015 |
£176,995 | 3 Mar 2008 |
Flats/Maisonettes |
Leasehold |
Floor Area: 76 sq meters or 818 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 October 2015 the House Price Index for ESSEX was 105.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 40.699%.Applying this 40.699% change to the original purchase price of £176,000 results in an estimated price of approximately £247,629.
22 Oct 2015 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
105.6 | 148.6 | 40.699 % | £176,000 | £71,629 | £247,629 |
The Postcode Pricing Model uses changes in average sales price within the CM8 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 | 19.235 % | £33,853 | £209,853 |
3 Month Average | 8.046 % | £14,161 | £190,161 |
6 Month Average | 33.302 % | £58,612 | £234,612 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
21 Dec 2023 | £186,259 | £183,000 | 24 MORTIMER WAY |
15 Sep 2023 | £329,209 | £325,000 | 158 MORTIMER WAY |
18 Aug 2023 | £302,648 | £300,000 | 144 MORTIMER WAY |
7 Jul 2023 | £344,638 | £340,000 | 59 MORTIMER WAY |
5 Jun 2023 | £182,207 | £180,000 | 14 MORTIMER WAY |
This house has a floor area of 76 sq meters or 818 sq feet when measured on 16 Apr 2012. Using an estimated price of £247,630 means this house is valued at £3,258 per sq meter (£302 per sq foot).
The average size of a house on MORTIMER WAY is 69 sq meters (743 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Mortimer Way |
Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Mortimer Way |
Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Sneezum Walk |
Jan 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Sneezum Walk |
Mar 2024 | Violence and sexual offences | Under investigation | On or near Everitt Court |