£354,804
This estimated value is based upon the latest sale price for the house of £310,000 on 16 Nov 2020. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £310,000 | 16 Nov 2020 |
| £230,000 | 3 Apr 2012 |
| Detached |
| Freehold |
| Floor Area: 78 sq meters or 839 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 November 2020 the House Price Index for ESSEX was 128.2.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 14.453%.Applying this 14.453% change to the original purchase price of £310,000 results in an estimated price of approximately £354,804.
| 16 Nov 2020 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 128.2 | 146.7 | 14.453 % | £310,000 | £44,804 | £354,804 |
The Postcode Pricing Model uses changes in average sales price within the CO4 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 | -7.022 % | £-21,767 | £288,232 |
| 3 Month Average | -21.308 % | £-66,054 | £243,945 |
| 6 Month Average | -2.642 % | £-8,188 | £301,811 |
This house has a floor area of 78 sq meters or 839 sq feet when measured on 5 Mar 2012.
The average size of a house on SPINDLE STREET is 109 sq meters (1,179 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Axial Drive |
| Dec 2023 | Vehicle crime | Investigation complete; no suspect identified | On or near Apprentice Drive |
| Dec 2023 | Violence and sexual offences | Offender given a caution | On or near Fan Avenue |
| Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near Burywoods |