£471,693
This estimated value is based upon the latest sale price for the house of £350,000 on 25 Feb 2016. This value is then adjusted by the current Official House Price Index for ESSEX 1
There have been two burglaries within the last year on or near Milch Lane
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The Village, Braintree Road, Felsted, Dunmow, CM6 3DJ
Phone: 01371829082
| Price Paid | Date |
|---|---|
| £350,000 | 25 Feb 2016 |
| £230,000 | 29 Oct 2009 |
| 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 February 2016 the House Price Index for ESSEX was 108.9.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 34.770%.Applying this 34.770% change to the original purchase price of £350,000 results in an estimated price of approximately £471,693.
| 25 Feb 2016 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 108.9 | 146.7 | 34.770 % | £350,000 | £121,693 | £471,693 |
The Postcode Pricing Model uses changes in average sales price within the CM3 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 | -14.604 % | £-51,115 | £298,884 |
| 3 Month Average | 8.580 % | £30,031 | £380,031 |
| 6 Month Average | 27.070 % | £94,744 | £444,744 |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Burglary | Investigation complete; no suspect identified | On or near Milch Lane |
| Jan 2024 | Burglary | Investigation complete; no suspect identified | On or near Milch Lane |
| Jan 2024 | Violence and sexual offences | Further action is not in the public interest | On or near Blackley Lane |
| Mar 2024 | Public order | Investigation complete; no suspect identified | On or near Park/Open Space |
| Mar 2024 | Other theft | Under investigation | On or near Mill Lane |