£210,794
This estimated value is based upon the latest sale price for the house of £132,000 on 3 May 2007. This value is then adjusted by the current Official House Price Index for ESSEX 1
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52 Jermayns, Lee Chapel North, SS15 5HA
Phone: 01268810655
Price Paid | Date |
---|---|
£132,000 | 3 May 2007 |
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 May 2007 the House Price Index for ESSEX was 93.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 59.693%.Applying this 59.693% change to the original purchase price of £132,000 results in an estimated price of approximately £210,794.
3 May 2007 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
93.1 | 148.6 | 59.693 % | £132,000 | £78,794 | £210,794 |
The Postcode Pricing Model uses changes in average sales price within the SS15 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 | 23.573 % | £31,116 | £163,116 |
3 Month Average | 71.917 % | £94,930 | £226,930 |
6 Month Average | 85.772 % | £113,218 | £245,218 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
29 Sep 2023 | £298,821 | £295,000 | 29 ARMADA CLOSE |
7 Jul 2023 | £202,729 | £200,000 | 11 WARD CLOSE |
30 Jun 2023 | £157,913 | £156,000 | 46 ELIZABETH WAY |
10 Feb 2023 | £239,839 | £240,000 | 62 ELIZABETH WAY |
8 Nov 2022 | £296,410 | £300,000 | 109 ELIZABETH WAY |
This house has a floor area of 87 sq meters or 936 sq feet when measured on 8 Mar 2014. Using an estimated price of £210,795 means this house is valued at £2,422 per sq meter (£225 per sq foot).
The average size of a house on ELIZABETH WAY is 91 sq meters (987 sq feet).