£410,439
This estimated value is based upon the latest sale price for the house of £390,000 on 7 Jan 2022. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £390,000 | 7 Jan 2022 |
| £227,000 | 27 Jun 2014 |
| £88,000 | 3 Sep 1999 |
| 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 January 2022 the House Price Index for ESSEX was 141.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 5.241%.Applying this 5.241% change to the original purchase price of £390,000 results in an estimated price of approximately £410,439.
| 7 Jan 2022 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 141.2 | 148.6 | 5.241 % | £390,000 | £20,439 | £410,439 |
The Postcode Pricing Model uses changes in average sales price within the CO5 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 | 13.525 % | £52,748 | £442,748 |
| 3 Month Average | 11.146 % | £43,471 | £433,471 |
| 6 Month Average | 6.287 % | £24,518 | £414,518 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 Nov 2023 | £253,757 | £250,000 | 2 HILLCREST COTTAGES MERSEA ROAD |
| 7 Sep 2023 | £400,116 | £395,000 | 2 BRAND DRIVE |
| 31 Jan 2023 | £512,585 | £515,000 | 8 PYEFLEET VIEW |
| 20 Jun 2022 | £568,027 | £560,000 | 5 EDWARD MARKE DRIVE |
| 1 Jun 2022 | £557,884 | £550,000 | 4 EDWARD MARKE DRIVE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Anti-social behaviour | On or near Sawkins Close | |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Layer Road |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near The Retreat |
| Mar 2024 | Other theft | Under investigation | On or near Abberton Road |
| Mar 2024 | Drugs | Offender given a caution | On or near Peldon Road |