£533,418
This estimated value is based upon the latest sale price for the house of £347,000 on 17 Apr 2014. This value is then adjusted by the current Official House Price Index for ESSEX 1
There has been one burglary within the last year on or near Mill Lane
More crime details
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| Price Paid | Date |
|---|---|
| £347,000 | 17 Apr 2014 |
| Detached |
| Freehold |
| Floor Area: 121 sq meters or 1,307 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 April 2014 the House Price Index for ESSEX was 95.4.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 53.723%.Applying this 53.723% change to the original purchase price of £347,000 results in an estimated price of approximately £533,418.
| 17 Apr 2014 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 95.4 | 146.7 | 53.723 % | £347,000 | £186,418 | £533,418 |
The Postcode Pricing Model uses changes in average sales price within the CO11 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 | 28.967 % | £100,514 | £447,514 |
| 3 Month Average | 41.217 % | £143,022 | £490,022 |
| 6 Month Average | 60.718 % | £210,692 | £557,692 |
This house has a floor area of 121 sq meters or 1,307 sq feet when measured on 23 Jan 2012.
There is one other house on the street which we know the size of, this is 3 ELMDALE DRIVE it is 144.7
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Burglary | Under investigation | On or near Mill Lane |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Brook Street |
| Jan 2024 | Anti-social behaviour | On or near Mill Lane | |
| Jan 2024 | Anti-social behaviour | On or near Mill Lane | |
| Jan 2024 | Anti-social behaviour | On or near Mill Lane |