£131,309
This estimated value is based upon the latest sale price for the house of £83,500 on 28 Sep 2007. This value is then adjusted by the current Official House Price Index for ESSEX 1
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Price Paid | Date |
---|---|
£83,500 | 28 Sep 2007 |
£17,000 | 16 Jan 1995 |
Flats/Maisonettes |
Leasehold |
Floor Area: 32 sq meters or 344 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 2007 the House Price Index for ESSEX was 95.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 57.257%.Applying this 57.257% change to the original purchase price of £83,500 results in an estimated price of approximately £131,309.
28 Sep 2007 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
95.2 | 149.7 | 57.257 % | £83,500 | £47,809 | £131,309 |
The Postcode Pricing Model uses changes in average sales price within the CM0 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 | 95.408 % | £79,665 | £163,165 |
3 Month Average | 50.678 % | £42,315 | £125,815 |
6 Month Average | 58.041 % | £48,463 | £131,963 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
25 Apr 2024 | £363,154 | £360,000 | 50 FALKLANDS ROAD |
16 Nov 2023 | £82,084 | £80,000 | 16 FALKLANDS ROAD |
28 Jun 2023 | £295,930 | £290,000 | 48 FALKLANDS ROAD |
19 Oct 2022 | £300,197 | £301,200 | UNIT D MILDMAY INDUSTRIAL ESTATE |
17 Jun 2022 | £136,416 | £133,500 | 18 HERMES DRIVE |
This house has a floor area of 32 sq meters or 344 sq feet when measured on 4 Aug 2021. Using an estimated price of £131,310 means this house is valued at £4,103 per sq meter (£381 per sq foot).
The average size of a house on FALKLANDS ROAD is 50 sq meters (546 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jul 2024 | Public order | Unable to prosecute suspect | On or near Parking Area |
Jun 2024 | Drugs | Under investigation | On or near Parking Area |
May 2024 | Drugs | Under investigation | On or near Parking Area |
Apr 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Parking Area |
Jul 2024 | Criminal damage and arson | Under investigation | On or near Hermes Drive |