£534,284
This estimated value is based upon the latest sale price for the house of £425,000 on 22 Dec 2017. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £425,000 | 22 Dec 2017 |
| £425,000 | 11 Nov 2016 |
| £202,000 | 27 May 2010 |
| Detached |
| Freehold |
| Floor Area: 152 sq meters or 1,636 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 December 2017 the House Price Index for ESSEX was 118.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 25.714%.Applying this 25.714% change to the original purchase price of £425,000 results in an estimated price of approximately £534,284.
| 22 Dec 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 118.2 | 148.6 | 25.714 % | £425,000 | £109,284 | £534,284 |
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 | 13.763 % | £58,494 | £483,494 |
| 3 Month Average | 2.145 % | £9,114 | £434,114 |
| 6 Month Average | 15.661 % | £66,557 | £491,557 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 Aug 2023 | £469,104 | £465,000 | 582B IPSWICH ROAD |
| 19 Jul 2023 | £357,309 | £352,500 | 20 LANCASTER APPROACH |
| 27 Apr 2023 | £429,626 | £425,000 | 6 HENDRY WORTHINGTON CLOSE |
| 3 Apr 2023 | £293,156 | £290,000 | 5 MURRAY MCPHERSON PARADE |
| 24 Mar 2023 | £429,042 | £425,000 | 495 IPSWICH ROAD |
This house has a floor area of 152 sq meters or 1,636 sq feet when measured on 13 Oct 2016. Using an estimated price of £534,285 means this house is valued at £3,515 per sq meter (£326 per sq foot).
The average size of a house on IPSWICH ROAD is 105 sq meters (1,137 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Drugs | Under investigation | On or near Dennis Randle Way |
| Feb 2024 | Drugs | Under investigation | On or near Lancaster Approach |
| Jan 2024 | Violence and sexual offences | Offender given a caution | On or near Lancaster Approach |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Francis Gunn Close |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Autoway |