£361,111
This estimated value is based upon the latest sale price for the house of £365,000 on 21 Oct 2022. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £365,000 | 21 Oct 2022 |
| £280,000 | 4 Oct 2019 |
| £187,000 | 30 Nov 2012 |
| £204,995 | 18 May 2007 |
| £122,500 | 28 Sep 2001 |
| Terraced |
| Freehold |
| Floor Area: 87 sq meters or 936 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 2022 the House Price Index for ESSEX was 150.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of -1.065%.Applying this -1.065% change to the original purchase price of £365,000 results in an estimated price of approximately £361,111.
| 21 Oct 2022 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 150.2 | 148.6 | -1.065 % | £365,000 | £-3,888 | £361,111 |
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 | -19.974 % | £-72,904 | £292,095 |
| 3 Month Average | 14.792 % | £53,991 | £418,991 |
| 6 Month Average | -4.390 % | £-16,024 | £348,975 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 11 Dec 2023 | £386,767 | £380,000 | 7 SPINDLE BEAMS |
| 5 Jun 2023 | £321,211 | £317,320 | 62 EAST STREET |
| 21 Oct 2022 | £361,112 | £365,000 | 24 MILLVIEW MEADOWS |
| 5 Aug 2022 | £229,383 | £230,000 | FLAT 2 GREY GOOSE PUBLIC HOUSE, 9 EAST STREET |
| 5 Aug 2022 | £239,356 | £240,000 | FLAT 1 GREY GOOSE PUBLIC HOUSE, 9 EAST STREET |
This house has a floor area of 87 sq meters or 936 sq feet when measured on 8 Jun 2018. Using an estimated price of £361,112 means this house is valued at £4,150 per sq meter (£385 per sq foot).
The average size of a house on MILLVIEW MEADOWS is 96 sq meters (1,039 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Spindle Beams |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Spindle Beams |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Lever Lane |
| Dec 2023 | Vehicle crime | Investigation complete; no suspect identified | On or near Lever Lane |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Lever Lane |