This estimated value is based upon the latest sale price for the house of £340,000 on 18 Oct 2013. This value is then adjusted by the current Official House Price Index for ESSEX1
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|£340,000||18 Oct 2013|
|£335,000||20 Jun 2005|
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 October 2013 the House Price Index for ESSEX was 89.6.The House Price Index as of 1 Jun 2019 is 131.4 which is a change of 46.752%.
Applying this 46.752% change to the original purchase price of £340,000 gives us an estimated price now of around £498,955.
|18 Oct 2013||1 Jun 2019||% change||Purchase Price||Gain / Loss||Estimated Price|
The Postcode Pricing Model uses changes in average sales price within the SS7 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||54.534 %||£185,416||£525,416|
|3 Month Average||50.242 %||£170,822||£510,822|
|6 Month Average||49.127 %||£167,033||£507,033|
In this model we estimate the price by looking at how the average sale prices have changed since the house was purchased.
In October 2013 the average sale price for the 50 nearest sales within two miles of 350 THE CHASE was £260,348.
In October 2019 the average sale price for the 50 nearest sales was £375,186. This is a change of 44.110%.
So taking the original purchase price of £340,000 and adjusting it by 44.110% gives an estimated price of £489,973.
View a detailed breakdown on the calculations used for this estimate and guidelines on its accuracy.
|Average price on 18 Oct 2013||Average price on 31 Oct 2019||% change||Purchase Price||Gain / Loss||Estimated Price|
|Date||Current Estimated Value||Price Paid||Address|
|8 Jul 2019||£540,000||£540,000||14 MARTINGALE|
|13 Jun 2019||£635,000||£635,000||8 MARTINGALE|
|16 Nov 2018||£665,662||£667,500||38 HACKAMORE|
|10 Aug 2018||£792,661||£790,000||310 THE CHASE|
|29 Jun 2018||£649,800||£640,000||25 CORASWAY|