£409,499
This estimated value is based upon the latest sale price for the house of £333,750 on 20 Sep 2019. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £333,750 | 20 Sep 2019 |
| £208,750 | 11 Apr 2013 |
| £239,000 | 10 Nov 2008 |
| £220,000 | 26 Jun 2003 |
| Terraced |
| Freehold |
| Floor Area: 121 sq meters or 1,302 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 2019 the House Price Index for ESSEX was 121.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 22.696%.Applying this 22.696% change to the original purchase price of £333,750 results in an estimated price of approximately £409,499.
| 20 Sep 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.1 | 148.6 | 22.696 % | £333,750 | £75,749 | £409,499 |
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 | -8.507 % | £-28,390 | £305,359 |
| 3 Month Average | -13.994 % | £-46,705 | £287,044 |
| 6 Month Average | -0.052 % | £-173 | £333,576 |
| 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 |
| 28 Jul 2023 | £425,730 | £420,000 | 35 BRITTEN CRESCENT |
| 17 Jul 2023 | £408,498 | £403,000 | 37 GREENWELL ROAD |
| 25 Jul 2022 | £300,810 | £300,000 | 75 ELGAR DRIVE |
This house has a floor area of 121 sq meters or 1,302 sq feet when measured on 13 Aug 2018. Using an estimated price of £409,499 means this house is valued at £3,384 per sq meter (£314 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 | Other theft | Investigation complete; no suspect identified | On or near Britten Crescent |
| Mar 2024 | Anti-social behaviour | 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 |
| Jan 2024 | Possession of weapons | Under investigation | On or near Britten Crescent |