£343,335
This estimated value is based upon the latest sale price for the house of £320,000 on 30 Jun 2021. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £320,000 | 30 Jun 2021 |
| £308,000 | 30 Oct 2020 |
| £310,000 | 29 Aug 2018 |
| £230,000 | 29 Apr 2005 |
| Semi-Detached |
| Freehold |
| Floor Area: 129 sq meters or 1,388 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 June 2021 the House Price Index for ESSEX was 138.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 7.292%.Applying this 7.292% change to the original purchase price of £320,000 results in an estimated price of approximately £343,335.
| 30 Jun 2021 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 138.5 | 148.6 | 7.292 % | £320,000 | £23,335 | £343,335 |
The Postcode Pricing Model uses changes in average sales price within the CO4 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 | -3.065 % | £-9,808 | £310,191 |
| 3 Month Average | -11.523 % | £-36,873 | £283,126 |
| 6 Month Average | 2.430 % | £7,775 | £327,775 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 Aug 2023 | £340,479 | £337,500 | 17 SEPTIMUS DRIVE |
| 26 Jul 2023 | £136,842 | £135,000 | 3 SPRINGHAM DRIVE |
| 14 Jun 2023 | £121,471 | £120,000 | 7 SPRINGHAM DRIVE |
| 5 Jan 2023 | £358,312 | £360,000 | 56 SPRINGHAM DRIVE |
| 19 Aug 2022 | £319,141 | £320,000 | 45 SPRINGHAM DRIVE |
This house has a floor area of 129 sq meters or 1,388 sq feet when measured on 23 May 2018. Using an estimated price of £343,336 means this house is valued at £2,661 per sq meter (£247 per sq foot).
The average size of a house on SPRINGHAM DRIVE is 86 sq meters (936 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Flavius Way |
| Dec 2023 | Drugs | Local resolution | On or near Otho Drive |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Septimus Drive |
| Jan 2024 | Violence and sexual offences | Offender given a caution | On or near Oxley Parker Drive |
| Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Libius Drive |