£200,863
This estimated value is based upon the latest sale price for the house of £163,000 on 9 Apr 2018. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £163,000 | 9 Apr 2018 |
| £90,000 | 6 May 2016 |
| Terraced |
| Freehold |
| Floor Area: 106 sq meters or 1,140 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 April 2018 the House Price Index for ESSEX was 119.0.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 23.229%.Applying this 23.229% change to the original purchase price of £163,000 results in an estimated price of approximately £200,863.
| 9 Apr 2018 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 119.0 | 146.7 | 23.229 % | £163,000 | £37,863 | £200,863 |
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 | -2.239 % | £-3,650 | £159,349 |
| 3 Month Average | 7.602 % | £12,391 | £175,391 |
| 6 Month Average | 10.300 % | £16,788 | £179,788 |
This house has a floor area of 106 sq meters or 1,140 sq feet when measured on 1 Feb 2016.
The average size of a house on FERNLEA ROAD is 103 sq meters (1,112 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Possession of weapons | Investigation complete; no suspect identified | On or near Alexandra Road |
| Dec 2023 | Drugs | Under investigation | On or near Alexandra Road |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Fernlea Road |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Police Station |
| Mar 2024 | Criminal damage and arson | Under investigation | On or near Police Station |