£364,662
This estimated value is based upon the latest sale price for the house of £360,000 on 20 Sep 2023. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £360,000 | 20 Sep 2023 |
| £239,000 | 31 Oct 2014 |
| £206,000 | 18 May 2005 |
| £209,995 | 27 Oct 2003 |
| Terraced |
| Freehold |
| Floor Area: 98 sq meters or 1,054 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 2023 the House Price Index for ESSEX was 146.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 1.295%.Applying this 1.295% change to the original purchase price of £360,000 results in an estimated price of approximately £364,662.
| 20 Sep 2023 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.7 | 148.6 | 1.295 % | £360,000 | £4,662 | £364,662 |
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 | -28.125 % | £-101,250 | £258,749 |
| 3 Month Average | -29.978 % | £-107,922 | £252,077 |
| 6 Month Average | -8.466 % | £-30,478 | £329,521 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Sep 2023 | £364,663 | £360,000 | 55 ELGAR DRIVE |
| 28 Jul 2023 | £425,730 | £420,000 | 35 BRITTEN CRESCENT |
| 4 Nov 2022 | £146,278 | £148,050 | 7 BRITTEN CRESCENT |
| 25 Jul 2022 | £300,810 | £300,000 | 75 ELGAR DRIVE |
| 7 Dec 2021 | £128,565 | £120,000 | 1 BRITTEN CRESCENT |
This house has a floor area of 98 sq meters or 1,054 sq feet when measured on 15 Jul 2014. Using an estimated price of £364,663 means this house is valued at £3,721 per sq meter (£345 per sq foot).
The average size of a house on ELGAR DRIVE is 118 sq meters (1,280 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Anti-social behaviour | On or near Britten Crescent | |
| Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near Britten Crescent |
| Jan 2024 | Possession of weapons | Under investigation | On or near Britten Crescent |
| Jan 2024 | Possession of weapons | Under investigation | On or near Britten Crescent |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Britten Crescent |