This estimated value is based upon the latest sale price for the house of £160,000 on 26 Nov 2007. This value is then adjusted by the current Official House Price Index for ESSEX1
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|£160,000||26 Nov 2007|
|£79,000||20 Dec 2000|
|£66,500||3 Dec 1999|
|£54,000||4 Nov 1996|
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 2007 the House Price Index for ESSEX was 91.6.The House Price Index as of 1 Jun 2019 is 131.4 which is a change of 43.447%.
Applying this 43.447% change to the original purchase price of £160,000 gives us an estimated price now of around £229,514.
|26 Nov 2007||1 Jun 2019||% change||Purchase Price||Gain / Loss||Estimated Price|
The Postcode Pricing Model uses changes in average sales price within the IG10 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||142.739 %||£228,382||£388,382|
|3 Month Average||85.961 %||£137,537||£297,537|
|6 Month Average||75.163 %||£120,260||£280,260|
In this model we estimate the price by looking at how the average sale prices have changed since the house was purchased.
In November 2007 the average sale price for the 50 nearest sales within three miles of 76 HEREWARD GREEN was £268,705.
In December 2019 the average sale price for the 50 nearest sales was £530,580. This is a change of 97.458%.
So taking the original purchase price of £160,000 and adjusting it by 97.458% gives an estimated price of £315,933.
View a detailed breakdown on the calculations used for this estimate and guidelines on its accuracy.
|Average price on 26 Nov 2007||Average price on 26 Dec 2019||% change||Purchase Price||Gain / Loss||Estimated Price|
|Date||Current Estimated Value||Price Paid||Address|
|22 Feb 2019||£433,569||£430,000||244 CHESTER ROAD|
|7 Aug 2018||£225,758||£225,000||2 HEREWARD GREEN|
|4 May 2018||£218,997||£215,000||23 HEREWARD GREEN|
|28 Mar 2018||£228,713||£225,000||7 HEREWARD GREEN|
|9 Mar 2018||£233,796||£230,000||50 HEREWARD GREEN|