£544,998
This estimated value is based upon the latest sale price for the house of £350,000 on 29 Apr 2014. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £350,000 | 29 Apr 2014 |
| £362,745 | 28 Oct 2003 |
| Detached |
| Freehold |
| Floor Area: 120 sq meters or 1,292 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 April 2014 the House Price Index for ESSEX was 95.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 55.714%.Applying this 55.714% change to the original purchase price of £350,000 results in an estimated price of approximately £544,998.
| 29 Apr 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 95.4 | 148.6 | 55.714 % | £350,000 | £194,998 | £544,998 |
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 | 8.273 % | £28,956 | £378,956 |
| 3 Month Average | 22.138 % | £77,484 | £427,484 |
| 6 Month Average | 47.679 % | £166,875 | £516,875 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 29 Nov 2023 | £385,710 | £380,000 | 49 GREENWELL ROAD |
| 20 Sep 2023 | £364,663 | £360,000 | 55 ELGAR DRIVE |
| 17 Jul 2023 | £408,498 | £403,000 | 37 GREENWELL ROAD |
| 19 Jan 2023 | £384,190 | £386,000 | 63 HOLST AVENUE |
| 25 Jul 2022 | £300,810 | £300,000 | 75 ELGAR DRIVE |
This house has a floor area of 120 sq meters or 1,292 sq feet when measured on 30 Jan 2010. Using an estimated price of £544,999 means this house is valued at £4,539 per sq meter (£421 per sq foot).
The average size of a house on ELGAR DRIVE is 118 sq meters (1,280 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Holst Avenue |
| Mar 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Holst Avenue |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Holst Avenue |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Morrison Drive |
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Morrison Drive |