£354,812
This estimated value is based upon the latest sale price for the house of £290,000 on 18 Feb 2020. This value is then adjusted by the current Official House Price Index for ESSEX 1
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Price Paid | Date |
---|---|
£290,000 | 18 Feb 2020 |
£102,500 | 31 Jul 2000 |
£62,500 | 11 Aug 1998 |
Semi-Detached |
Freehold |
Floor Area: 67 sq meters or 721 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 February 2020 the House Price Index for ESSEX was 121.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 22.349%.Applying this 22.349% change to the original purchase price of £290,000 results in an estimated price of approximately £354,812.
18 Feb 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
121.5 | 148.6 | 22.349 % | £290,000 | £64,812 | £354,812 |
The Postcode Pricing Model uses changes in average sales price within the CM8 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 | -42.877 % | £-124,344 | £165,655 |
3 Month Average | -23.621 % | £-68,500 | £221,499 |
6 Month Average | 0.172 % | £499 | £290,499 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
5 Mar 2024 | £350,000 | £350,000 | 30 CROMWELL WAY |
30 Jun 2023 | £334,046 | £330,000 | 39 CHELMER ROAD |
23 Sep 2022 | £396,796 | £400,000 | 36 CROMWELL WAY |
27 Jul 2022 | £376,012 | £375,000 | 37 ARMOND ROAD |
27 Jul 2022 | £416,120 | £415,000 | 38 CHELMER ROAD |
This house has a floor area of 67 sq meters or 721 sq feet when measured on 15 May 2014. Using an estimated price of £354,812 means this house is valued at £5,295 per sq meter (£491 per sq foot).
The average size of a house on CHELMER ROAD is 83 sq meters (902 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Mar 2024 | Possession of weapons | Under investigation | On or near Armond Road |
Mar 2024 | Shoplifting | Under investigation | On or near Supermarket |
Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near Supermarket |
Mar 2024 | Anti-social behaviour | On or near Supermarket | |
Mar 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Supermarket |