£383,050
This estimated value is based upon the latest sale price for the house of £270,000 on 25 Sep 2015. This value is then adjusted by the current Official House Price Index for ESSEX 1
There has been one burglary within the last year on or near John Hammond Close
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| Price Paid | Date |
|---|---|
| £270,000 | 25 Sep 2015 |
| Terraced |
| Freehold |
| Floor Area: 138 sq meters or 1,485 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 September 2015 the House Price Index for ESSEX was 104.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 41.871%.Applying this 41.871% change to the original purchase price of £270,000 results in an estimated price of approximately £383,050.
| 25 Sep 2015 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 104.7 | 148.6 | 41.871 % | £270,000 | £113,050 | £383,050 |
The Postcode Pricing Model uses changes in average sales price within the CO2 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 | 70.898 % | £191,424 | £461,424 |
| 3 Month Average | 41.550 % | £112,185 | £382,185 |
| 6 Month Average | 44.165 % | £119,244 | £389,244 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Nov 2023 | £187,780 | £185,000 | 32 WILLIAM HARRIS WAY |
| 10 Nov 2023 | £304,508 | £300,000 | 86 BERECHURCH HALL ROAD |
| 14 Apr 2023 | £116,252 | £115,000 | 53 WILLIAM HARRIS WAY |
| 27 Mar 2023 | £315,472 | £312,500 | 4 RICHARD NICHOLS CLOSE |
| 18 Aug 2022 | £448,792 | £450,000 | 12 LUNGLEY RISE |
This house has a floor area of 138 sq meters or 1,485 sq feet when measured on 3 Sep 2015. Using an estimated price of £383,051 means this house is valued at £2,775 per sq meter (£257 per sq foot).
The average size of a house on RICHARD NICHOLS CLOSE is 158 sq meters (1,700 sq feet).
This house is the largest in the street with a floor area of 138 sq meters (1,485 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Burglary | Under investigation | On or near John Hammond Close |
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Thomas Benold Walk |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Thomas Benold Walk |
| Mar 2024 | Criminal damage and arson | Offender given a caution | On or near Thomas Benold Walk |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Thomas Benold Walk |