£508,814
This estimated value is based upon the latest sale price for the house of £315,000 on 31 Oct 2013. This value is then adjusted by the current Official House Price Index for ESSEX 1
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8 Cambridge Road, Stansted, CM24 8BZ
Phone: 01279246659
| Price Paid | Date |
|---|---|
| £315,000 | 31 Oct 2013 |
| £240,000 | 29 May 2009 |
| Detached |
| Freehold |
| Floor Area: 111 sq meters or 1,194 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 2013 the House Price Index for ESSEX was 90.8.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 61.528%.Applying this 61.528% change to the original purchase price of £315,000 results in an estimated price of approximately £508,814.
| 31 Oct 2013 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 90.8 | 146.7 | 61.528 % | £315,000 | £193,814 | £508,814 |
The Postcode Pricing Model uses changes in average sales price within the CM24 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 | 41.934 % | £132,093 | £447,093 |
| 3 Month Average | 45.763 % | £144,154 | £459,154 |
| 6 Month Average | 56.780 % | £178,855 | £493,855 |
This house has a floor area of 111 sq meters or 1,194 sq feet when measured on 24 Oct 2018.
The average size of a house on PALMER CLOSE is 83 sq meters (896 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Public order | Investigation complete; no suspect identified | On or near Palmer Close |
| Dec 2023 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Palmer Close |
| Mar 2024 | Criminal damage and arson | Local resolution | On or near Walson Way |
| Mar 2024 | Anti-social behaviour | On or near Walson Way | |
| Mar 2024 | Vehicle crime | Under investigation | On or near Harbridge Close |