This estimated value is based upon the latest sale price for the house of £415,000 on 10 Dec 2015. This value is then adjusted by the current Official House Price Index for ESSEX1
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|£415,000||10 Dec 2015|
|£137,950||12 Dec 1996|
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 December 2015 the House Price Index for ESSEX was 111.3.The House Price Index as of 1 Dec 2019 is 131.8 which is a change of 18.436%.
Applying this 18.436% change to the original purchase price of £415,000 gives us an estimated price now of around £491,510.
|10 Dec 2015||1 Dec 2019||% change||Purchase Price||Gain / Loss||Estimated Price|
The Postcode Pricing Model uses changes in average sales price within the CM77 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||-20.248 %||£-84,027||£330,972|
|3 Month Average||6.269 %||£26,016||£441,016|
|6 Month Average||12.963 %||£53,797||£468,797|
|Date||Current Estimated Value||Price Paid||Address|
|24 Jun 2019||£420,828||£415,000||7 BRANCASTER DRIVE|
|14 Mar 2019||£271,299||£267,000||87 POCHARD WAY|
|18 Jan 2019||£306,681||£305,000||48 POCHARD WAY|
|24 Aug 2018||£256,584||£255,000||6 POCHARD WAY|
|29 Jun 2018||£330,842||£325,000||50 POCHARD WAY|