£318,473
This estimated value is based upon the latest sale price for the house of £275,000 on 23 Oct 2020. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £275,000 | 23 Oct 2020 |
| £212,500 | 1 Mar 2019 |
| £64,000 | 21 Mar 1997 |
| Detached |
| Freehold |
| Floor Area: 118 sq meters or 1,270 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 October 2020 the House Price Index for ESSEX was 126.7.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 15.808%.Applying this 15.808% change to the original purchase price of £275,000 results in an estimated price of approximately £318,473.
| 23 Oct 2020 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 126.7 | 146.7 | 15.808 % | £275,000 | £43,473 | £318,473 |
The Postcode Pricing Model uses changes in average sales price within the CO12 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 | 6.904 % | £18,985 | £293,985 |
| 3 Month Average | 10.115 % | £27,814 | £302,814 |
| 6 Month Average | 6.842 % | £18,816 | £293,816 |
This house has a floor area of 118 sq meters or 1,270 sq feet when measured on 24 Nov 2018.
The average size of a house on THE RIDGEWAY is 103 sq meters (1,118 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Main Road |
| Jan 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Shaftesbury Avenue |
| Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near Petrol Station |
| Mar 2024 | Other theft | Under investigation | On or near Manor Road |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Manor Road |