£499,151
This estimated value is based upon the latest sale price for the house of £404,000 on 20 Nov 2019. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £404,000 | 20 Nov 2019 |
| £168,000 | 18 May 2001 |
| Detached |
| Freehold |
| Floor Area: 163 sq meters or 1,754 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 2019 the House Price Index for ESSEX was 121.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 23.552%.Applying this 23.552% change to the original purchase price of £404,000 results in an estimated price of approximately £499,151.
| 20 Nov 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.2 | 149.7 | 23.552 % | £404,000 | £95,151 | £499,151 |
The Postcode Pricing Model uses changes in average sales price within the CM0 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 | 11.866 % | £47,937 | £451,937 |
| 3 Month Average | -5.750 % | £-23,229 | £380,770 |
| 6 Month Average | -2.759 % | £-11,145 | £392,854 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 21 Mar 2024 | £462,100 | £455,000 | 71 LAVENDER DRIVE |
| 8 Sep 2023 | £473,437 | £463,000 | 3 LAVENDER DRIVE |
| 4 Aug 2023 | £468,449 | £460,000 | 59 LAVENDER DRIVE |
| 12 Aug 2022 | £394,344 | £392,500 | 6 KINGS CROFT |
| 27 Apr 2022 | £503,150 | £485,000 | 22 KINGS CROFT |
This house has a floor area of 163 sq meters or 1,754 sq feet when measured on 14 Jan 2015. Using an estimated price of £499,152 means this house is valued at £3,062 per sq meter (£284 per sq foot).
The average size of a house on LAVENDER DRIVE is 117 sq meters (1,269 sq feet).
This house is the largest in the street with a floor area of 163 sq meters (1,754 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Anti-social behaviour | On or near Lavender Drive | |
| Jun 2024 | Anti-social behaviour | On or near Lavender Drive | |
| Jun 2024 | Drugs | Unable to prosecute suspect | On or near Lavender Drive |
| May 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Lavender Drive |
| Jul 2024 | Public order | Under investigation | On or near Buttercup Way |