£665,920
This estimated value is based upon the latest sale price for the house of £550,000 on 15 Nov 2019. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £550,000 | 15 Nov 2019 |
| £185,000 | 26 Oct 2001 |
| Detached |
| Freehold |
| Floor Area: 209 sq meters or 2,249 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 November 2019 the House Price Index for ESSEX was 121.2.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 21.076%.Applying this 21.076% change to the original purchase price of £550,000 results in an estimated price of approximately £665,920.
| 15 Nov 2019 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.2 | 146.7 | 21.076 % | £550,000 | £115,920 | £665,920 |
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 | 31.353 % | £172,441 | £722,441 |
| 3 Month Average | 10.320 % | £56,758 | £606,758 |
| 6 Month Average | 14.082 % | £77,451 | £627,451 |
This house has a floor area of 209 sq meters or 2,249 sq feet when measured on 17 Jul 2019.
The average size of a house on MARINE PARADE is 179 sq meters (1,935 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Other crime | Unable to prosecute suspect | On or near Orwell Road |
| Mar 2024 | Other crime | Under investigation | On or near Orwell Road |
| Mar 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Orwell Road |
| Feb 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Orwell Road |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Orwell Road |