£624,690
This estimated value is based upon the latest sale price for the house of £495,000 on 13 Oct 2017. This value is then adjusted by the current Official House Price Index for ESSEX 1
There has been one burglary within the last year on or near Silvermere
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52 Jermayns, Lee Chapel North, SS15 5HA
Phone: 01268810655
| Price Paid | Date |
|---|---|
| £495,000 | 13 Oct 2017 |
| Semi-Detached |
| Freehold |
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 2017 the House Price Index for ESSEX was 117.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 26.200%.Applying this 26.200% change to the original purchase price of £495,000 results in an estimated price of approximately £624,690.
| 13 Oct 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 117.7 | 148.6 | 26.200 % | £495,000 | £129,690 | £624,690 |
The Postcode Pricing Model uses changes in average sales price within the SS16 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 | -48.677 % | £-240,948 | £254,051 |
| 3 Month Average | 22.199 % | £109,885 | £604,885 |
| 6 Month Average | 21.562 % | £106,732 | £601,732 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 4 Apr 2023 | £353,810 | £350,000 | 11 RUSSETTS |
| 3 Mar 2023 | £605,707 | £600,000 | 149 GREAT BERRY LANE |
| 24 Nov 2021 | £362,307 | £335,000 | LUBEC, 4 SHELLEY AVENUE |
| 12 Nov 2021 | £356,900 | £330,000 | 22 RUSSETTS |
| 27 Sep 2021 | £457,977 | £425,000 | 7 SHELLEY AVENUE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Burglary | Under investigation | On or near Silvermere |
| Jan 2024 | Possession of weapons | Awaiting court outcome | On or near Silvermere |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Bowfell Drive |
| Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near Bowfell Drive |
| Feb 2024 | Criminal damage and arson | Under investigation | On or near New Avenue |