£249,570
This estimated value is based upon the latest sale price for the house of £156,250 on 8 Jan 2014. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £156,250 | 8 Jan 2014 |
| £174,995 | 15 Dec 2006 |
| Terraced |
| Freehold |
| Floor Area: 62 sq meters or 667 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 January 2014 the House Price Index for ESSEX was 93.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 59.725%.Applying this 59.725% change to the original purchase price of £156,250 results in an estimated price of approximately £249,570.
| 8 Jan 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 93.0 | 148.6 | 59.725 % | £156,250 | £93,320 | £249,570 |
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 | 70.895 % | £110,773 | £267,023 |
| 3 Month Average | 44.920 % | £70,186 | £226,436 |
| 6 Month Average | 60.816 % | £95,024 | £251,274 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 25 Aug 2023 | £395,964 | £392,500 | 345 MILL ROAD |
| 21 Aug 2023 | £430,264 | £426,500 | 367 MILL ROAD |
| 31 Mar 2023 | £166,569 | £165,000 | 33 CHAPMAN PLACE |
| 16 Feb 2023 | £357,759 | £358,000 | CARPORT 4 ROPER CLOSE |
| 27 Jan 2023 | £291,626 | £293,000 | 403 MILL ROAD |
This house has a floor area of 62 sq meters or 667 sq feet when measured on 5 Nov 2013. Using an estimated price of £249,571 means this house is valued at £4,025 per sq meter (£373 per sq foot).
The average size of a house on MILL ROAD is 102 sq meters (1,107 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Mortimer Gardens |
| Jan 2024 | Anti-social behaviour | On or near Julian Avenue | |
| Jan 2024 | Anti-social behaviour | On or near Julian Avenue | |
| Jan 2024 | Anti-social behaviour | On or near Julian Avenue | |
| Mar 2024 | Other crime | Under investigation | On or near Chapman Place |