£394,624
This estimated value is based upon the latest sale price for the house of £326,800 on 1 May 2020. This value is then adjusted by the current Official House Price Index for ESSEX 1
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8 Cambridge Road, Stansted, CM24 8BZ
Phone: 01279246659
| Price Paid | Date |
|---|---|
| £326,800 | 1 May 2020 |
| £330,000 | 14 Jul 2016 |
| £203,500 | 22 Feb 2012 |
| Semi-Detached |
| Freehold |
| Floor Area: 72 sq meters or 775 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 May 2020 the House Price Index for ESSEX was 121.5.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 20.754%.Applying this 20.754% change to the original purchase price of £326,800 results in an estimated price of approximately £394,624.
| 1 May 2020 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.5 | 146.7 | 20.754 % | £326,800 | £67,824 | £394,624 |
The Postcode Pricing Model uses changes in average sales price within the CM24 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 | 58.649 % | £191,664 | £518,464 |
| 3 Month Average | -15.203 % | £-49,683 | £277,116 |
| 6 Month Average | 8.659 % | £28,296 | £355,096 |
This house has a floor area of 72 sq meters or 775 sq feet when measured on 13 Dec 2011.
The average size of a house on BANKS LANE is 146 sq meters (1,580 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Reeve Road |
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Livings Way |
| Mar 2024 | Other theft | Under investigation | On or near Carters Drive |
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Carters Drive |
| Dec 2023 | Violence and sexual offences | Awaiting court outcome | On or near Carters Drive |