£505,164
This estimated value is based upon the latest sale price for the house of £405,000 on 4 May 2018. This value is then adjusted by the current Official House Price Index for ESSEX 1
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Unit 2 Buckingham Court, Rectory Lane, Loughton, IG10 2QZ
Phone: 02036414033
| Price Paid | Date |
|---|---|
| £405,000 | 4 May 2018 |
| £180,000 | 2 Feb 2005 |
| Terraced |
| Freehold |
| Floor Area: 69 sq meters or 742 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 May 2018 the House Price Index for ESSEX was 119.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 24.732%.Applying this 24.732% change to the original purchase price of £405,000 results in an estimated price of approximately £505,164.
| 4 May 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 119.1 | 148.6 | 24.732 % | £405,000 | £100,164 | £505,164 |
The Postcode Pricing Model uses changes in average sales price within the IG10 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 | -4.509 % | £-18,262 | £386,737 |
| 3 Month Average | -8.295 % | £-33,593 | £371,406 |
| 6 Month Average | 3.944 % | £15,971 | £420,971 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Dec 2023 | £452,925 | £445,000 | 16 LUNA COURT NEWMANS LANE |
| 14 Apr 2023 | £512,518 | £507,000 | 7 ST NICHOLAS PLACE |
| 6 Apr 2023 | £545,878 | £540,000 | 20 WHITEHILLS ROAD |
| 28 Mar 2023 | £224,111 | £222,000 | 46 BORDERS LANE |
| 24 Nov 2022 | £602,700 | £610,000 | 15 WHITEHILLS ROAD |
This house has a floor area of 69 sq meters or 742 sq feet when measured on 30 Jan 2018. Using an estimated price of £505,164 means this house is valued at £7,321 per sq meter (£680 per sq foot).
The average size of a house on DURNELL WAY is 104 sq meters (1,122 sq feet).
This house is the smallest in the street with a floor area of 69 sq meters (742 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Durnell Way |
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Durnell Way |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Durnell Way |
| Jan 2024 | Anti-social behaviour | On or near Durnell Way | |
| Jan 2024 | Anti-social behaviour | On or near Durnell Way |