£515,042
This estimated value is based upon the latest sale price for the house of £415,000 on 1 Dec 2017. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £415,000 | 1 Dec 2017 |
| £272,000 | 29 Sep 2006 |
| £120,950 | 28 Feb 1998 |
| Detached |
| Freehold |
| Floor Area: 144 sq meters or 1,550 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 December 2017 the House Price Index for ESSEX was 118.2.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 24.107%.Applying this 24.107% change to the original purchase price of £415,000 results in an estimated price of approximately £515,042.
| 1 Dec 2017 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 118.2 | 146.7 | 24.107 % | £415,000 | £100,042 | £515,042 |
The Postcode Pricing Model uses changes in average sales price within the SS8 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 | 8.641 % | £35,859 | £450,859 |
| 3 Month Average | 19.515 % | £80,988 | £495,988 |
| 6 Month Average | 21.747 % | £90,248 | £505,248 |
This house has a floor area of 144 sq meters or 1,550 sq feet when measured on 5 Apr 2017.
The average size of a house on THORNEY BAY ROAD is 128 sq meters (1,382 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Green Lane |
| Dec 2023 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Green Lane |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Antlers |
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Hayes Lane |
| Feb 2024 | Anti-social behaviour | On or near Lavender Mews |