£430,714
This estimated value is based upon the latest sale price for the house of £322,500 on 6 Jun 2016. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £322,500 | 6 Jun 2016 |
| £247,000 | 25 Jun 2010 |
| £250,000 | 29 Jun 2007 |
| £249,995 | 11 Dec 2003 |
| Semi-Detached |
| Freehold |
| Floor Area: 134 sq meters or 1,444 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 June 2016 the House Price Index for ESSEX was 111.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 33.555%.Applying this 33.555% change to the original purchase price of £322,500 results in an estimated price of approximately £430,714.
| 6 Jun 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 111.3 | 148.6 | 33.555 % | £322,500 | £108,214 | £430,714 |
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 | 9.479 % | £30,568 | £353,068 |
| 3 Month Average | -5.846 % | £-18,853 | £303,646 |
| 6 Month Average | 25.357 % | £81,777 | £404,277 |
| 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 |
| 25 Jul 2022 | £300,810 | £300,000 | 75 ELGAR DRIVE |
| 21 Mar 2022 | £295,335 | £285,000 | 2 DAWSON WAY |
This house has a floor area of 134 sq meters or 1,444 sq feet when measured on 6 Mar 2009. Using an estimated price of £430,715 means this house is valued at £3,209 per sq meter (£298 per sq foot).
The average size of a house on ELGAR DRIVE is 118 sq meters (1,280 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Other crime | Further action is not in the public interest | On or near Bantock Way |
| Feb 2024 | Violence and sexual offences | Local resolution | On or near Bantock Way |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Bantock Way |
| Dec 2023 | Anti-social behaviour | On or near Britten Crescent |