£216,742
This estimated value is based upon the latest sale price for the house of £39,500 on 31 Oct 1996. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £39,500 | 31 Oct 1996 |
| Terraced |
| Freehold |
| Floor Area: 92 sq meters or 990 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 October 1996 the House Price Index for ESSEX was 27.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 448.715%.Applying this 448.715% change to the original purchase price of £39,500 results in an estimated price of approximately £216,742.
| 31 Oct 1996 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 27.1 | 148.6 | 448.715 % | £39,500 | £177,242 | £216,742 |
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 | 499.896 % | £197,458 | £236,958 |
| 3 Month Average | 405.190 % | £160,050 | £199,550 |
| 6 Month Average | 446.573 % | £176,396 | £215,896 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 13 Mar 2024 | £270,000 | £270,000 | 114 MAGNOLIA DRIVE |
| 1 Nov 2023 | £243,607 | £240,000 | 113 MAGNOLIA DRIVE |
| 21 Sep 2023 | £238,044 | £235,000 | 1 ORSINO WALK |
| 10 Aug 2023 | £237,074 | £235,000 | 100 MAGNOLIA DRIVE |
| 1 Jun 2023 | £253,065 | £250,000 | 72 MAGNOLIA DRIVE |
This house has a floor area of 92 sq meters or 990 sq feet when measured on 1 Dec 2021. Using an estimated price of £216,742 means this house is valued at £2,355 per sq meter (£218 per sq foot).
The average size of a house on MAGNOLIA DRIVE is 84 sq meters (912 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Public order | Investigation complete; no suspect identified | On or near Marigold Close |
| Feb 2024 | Anti-social behaviour | On or near Marigold Close | |
| Feb 2024 | Anti-social behaviour | On or near Marigold Close | |
| Feb 2024 | Anti-social behaviour | On or near Marigold Close | |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Marigold Close |