£109,447
This estimated value is based upon the latest sale price for the house of £81,500 on 20 May 2016. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £81,500 | 20 May 2016 |
| Terraced |
| Freehold |
| Floor Area: 107 sq meters or 1,151 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 May 2016 the House Price Index for ESSEX was 110.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 34.292%.Applying this 34.292% change to the original purchase price of £81,500 results in an estimated price of approximately £109,447.
| 20 May 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 110.7 | 148.6 | 34.292 % | £81,500 | £27,947 | £109,447 |
The Postcode Pricing Model uses changes in average sales price within the CO12 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 | 16.871 % | £13,750 | £95,250 |
| 3 Month Average | 30.445 % | £24,812 | £106,312 |
| 6 Month Average | 31.593 % | £25,748 | £107,248 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 29 Sep 2023 | £165,111 | £163,000 | 55 STOUR ROAD |
| 22 Sep 2023 | £170,682 | £168,500 | 24 MARIA STREET |
| 24 Jul 2023 | £167,251 | £165,000 | 5 MARIA STREET |
| 10 Mar 2023 | £105,999 | £105,000 | 2 ELIZABETH HOUSE ALBEMARLE STREET |
| 16 Feb 2023 | £184,876 | £185,000 | BASE FLAT 33 STOUR ROAD |
This house has a floor area of 107 sq meters or 1,151 sq feet when measured on 8 Apr 2016. Using an estimated price of £109,448 means this house is valued at £1,022 per sq meter (£95 per sq foot).
The average size of a house on MARIA STREET is 111 sq meters (1,201 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Robbery | Unable to prosecute suspect | On or near Pepys Street |