£672,296
This estimated value is based upon the latest sale price for the house of £542,500 on 13 Jul 2018. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £542,500 | 13 Jul 2018 |
| Detached |
| Freehold |
| Floor Area: 129 sq meters or 1,388 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 July 2018 the House Price Index for ESSEX was 119.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.926%.Applying this 23.926% change to the original purchase price of £542,500 results in an estimated price of approximately £672,296.
| 13 Jul 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 119.9 | 148.6 | 23.926 % | £542,500 | £129,796 | £672,296 |
The Postcode Pricing Model uses changes in average sales price within the SS4 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 | -13.404 % | £-72,715 | £469,784 |
| 3 Month Average | 1.496 % | £8,115 | £550,615 |
| 6 Month Average | 2.478 % | £13,444 | £555,944 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 Nov 2023 | £444,074 | £437,500 | 10 GEORGE COURT |
| 2 Nov 2023 | £365,410 | £360,000 | 1 BARBARA CLOSE |
| 26 Jan 2023 | £1,592,498 | £1,600,000 | MEADOWBROOK FARM IRONWELL LANE |
| 8 Mar 2022 | £238,340 | £230,000 | 6 GEORGE COURT |
| 2 Dec 2021 | £385,696 | £360,000 | 6 IRONWELL CLOSE |
This house has a floor area of 129 sq meters or 1,388 sq feet when measured on 17 Aug 2012. Using an estimated price of £672,296 means this house is valued at £5,211 per sq meter (£484 per sq foot).
The average size of a house on OAK ROAD is 131 sq meters (1,410 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Violence and sexual offences | Awaiting court outcome | On or near Oak Road |
| Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near John Court |
| Feb 2024 | Violence and sexual offences | Awaiting court outcome | On or near John Court |
| Feb 2024 | Robbery | Unable to prosecute suspect | On or near John Court |
| Feb 2024 | Violence and sexual offences | Awaiting court outcome | On or near John Court |