£280,711
This estimated value is based upon the latest sale price for the house of £149,995 on 25 Feb 2005. This value is then adjusted by the current Official House Price Index for ESSEX 1
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Price Paid | Date |
---|---|
£149,995 | 25 Feb 2005 |
Flats/Maisonettes |
Leasehold |
Floor Area: 56 sq meters or 602 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 February 2005 the House Price Index for ESSEX was 79.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 87.147%.Applying this 87.147% change to the original purchase price of £149,995 results in an estimated price of approximately £280,711.
25 Feb 2005 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
79.4 | 148.6 | 87.147 % | £149,995 | £130,716 | £280,711 |
The Postcode Pricing Model uses changes in average sales price within the CM8 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 | 42.106 % | £63,157 | £213,152 |
3 Month Average | 30.628 % | £45,939 | £195,934 |
6 Month Average | 61.489 % | £92,230 | £242,225 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
18 Dec 2023 | £208,651 | £205,000 | 2 RICHARDS CLOSE |
30 Nov 2023 | £197,930 | £195,000 | 8 RICHARDS CLOSE |
22 Sep 2023 | £184,357 | £182,000 | 2A SPINKS LANE |
22 Sep 2023 | £349,468 | £345,000 | 24 HOME BRIDGE COURT HATFIELD ROAD |
23 Mar 2023 | £237,235 | £235,000 | 6 HOME BRIDGE COURT HATFIELD ROAD |
This house has a floor area of 56 sq meters or 602 sq feet when measured on 10 Oct 2018. Using an estimated price of £280,712 means this house is valued at £5,012 per sq meter (£465 per sq foot).
The average size of a house on RICHARDS CLOSE is 61 sq meters (658 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Mar 2024 | Public order | Under investigation | On or near Richards Close |
Mar 2024 | Violence and sexual offences | Under investigation | On or near Richards Close |
Feb 2024 | Violence and sexual offences | Under investigation | On or near Richards Close |
Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Richards Close |
Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Richards Close |