£502,712
This estimated value is based upon the latest sale price for the house of £172,500 on 31 May 2002. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £172,500 | 31 May 2002 |
| Detached |
| Freehold |
| Floor Area: 140 sq meters or 1,506 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 2002 the House Price Index for ESSEX was 51.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 191.428%.Applying this 191.428% change to the original purchase price of £172,500 results in an estimated price of approximately £502,712.
| 31 May 2002 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 51.0 | 148.6 | 191.428 % | £172,500 | £330,212 | £502,712 |
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 | 163.821 % | £282,591 | £455,091 |
| 3 Month Average | 142.068 % | £245,068 | £417,568 |
| 6 Month Average | 184.490 % | £318,245 | £490,745 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Sep 2023 | £377,324 | £372,500 | 326 IPSWICH ROAD |
| 1 Sep 2022 | £161,942 | £163,250 | 3 SILCOCK CLOSE |
| 23 Aug 2022 | £209,436 | £210,000 | 287 IPSWICH ROAD |
| 29 Oct 2021 | £763,470 | £690,000 | 326B IPSWICH ROAD |
| 29 Sep 2021 | £317,890 | £295,000 | 280 IPSWICH ROAD |
This house has a floor area of 140 sq meters or 1,506 sq feet when measured on 25 Jun 2013. Using an estimated price of £502,713 means this house is valued at £3,590 per sq meter (£333 per sq foot).
The average size of a house on IPSWICH ROAD is 105 sq meters (1,137 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Ipswich Road |
| Feb 2024 | Anti-social behaviour | On or near Silcock Close | |
| Feb 2024 | Anti-social behaviour | On or near Silcock Close | |
| Mar 2024 | Anti-social behaviour | On or near Friars Close | |
| Jan 2024 | Anti-social behaviour | On or near Friars Close |