£226,988
This estimated value is based upon the latest sale price for the house of £185,000 on 12 Sep 2019. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £185,000 | 12 Sep 2019 |
| £137,000 | 2 Mar 2015 |
| £85,500 | 17 Jan 2003 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 41 sq meters or 441 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 September 2019 the House Price Index for ESSEX was 121.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 22.696%.Applying this 22.696% change to the original purchase price of £185,000 results in an estimated price of approximately £226,988.
| 12 Sep 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.1 | 148.6 | 22.696 % | £185,000 | £41,988 | £226,988 |
The Postcode Pricing Model uses changes in average sales price within the SS5 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 | -38.300 % | £-70,855 | £114,144 |
| 3 Month Average | -2.073 % | £-3,834 | £181,165 |
| 6 Month Average | 6.930 % | £12,820 | £197,820 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Nov 2023 | £253,757 | £250,000 | 8 RECTORY TERRACE |
| 4 Sep 2023 | £395,051 | £390,000 | 299 RECTORY ROAD |
| 4 Aug 2023 | £368,221 | £365,000 | 293 RECTORY ROAD |
| 28 Jul 2023 | £373,020 | £368,000 | 4 ENGLEFIELD CLOSE |
| 19 Jul 2023 | £319,297 | £315,000 | 259 RECTORY ROAD |
This house has a floor area of 41 sq meters or 441 sq feet when measured on 18 Dec 2013. Using an estimated price of £226,988 means this house is valued at £5,536 per sq meter (£514 per sq foot).
The average size of a house on RECTORY ROAD is 109 sq meters (1,178 sq feet).
This house is the smallest in the street with a floor area of 41 sq meters (441 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near St Clements Close |
| Jan 2024 | Public order | Investigation complete; no suspect identified | On or near Royer Close |
| Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Windsor Gardens |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Windsor Gardens |
| Mar 2024 | Criminal damage and arson | Under investigation | On or near Fir Tree Close |