£85,229
This estimated value is based upon the latest sale price for the house of £18,000 on 27 Apr 1998. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £18,000 | 27 Apr 1998 |
| Terraced |
| Freehold |
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 April 1998 the House Price Index for ESSEX was 31.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 373.497%.Applying this 373.497% change to the original purchase price of £18,000 results in an estimated price of approximately £85,229.
| 27 Apr 1998 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 31.4 | 148.6 | 373.497 % | £18,000 | £67,229 | £85,229 |
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 | 316.764 % | £57,017 | £75,017 |
| 3 Month Average | 310.473 % | £55,885 | £73,885 |
| 6 Month Average | 405.857 % | £73,054 | £91,054 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 17 Nov 2023 | £329,884 | £325,000 | 4 EDINBURGH CLOSE |
| 6 Nov 2023 | £304,508 | £300,000 | 42 PELLY AVENUE |
| 7 Jul 2023 | £309,161 | £305,000 | 37 LAURENCE AVENUE |
| 3 Jul 2023 | £288,888 | £285,000 | 31 LAURENCE AVENUE |
| 11 Jan 2023 | £248,828 | £250,000 | 197 MALTINGS LANE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Robbery | Under investigation | On or near Pelly Avenue |
| Jan 2024 | Robbery | Awaiting court outcome | On or near Pelly Avenue |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Pelly Avenue |
| Jan 2024 | Robbery | Under investigation | On or near Pelly Avenue |
| Mar 2024 | Burglary | Investigation complete; no suspect identified | On or near Edinburgh Close |