£314,088
This estimated value is based upon the latest sale price for the house of £305,000 on 13 Apr 2022. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £305,000 | 13 Apr 2022 |
| £185,000 | 1 Jul 2011 |
| £182,950 | 28 Oct 2005 |
| Terraced |
| Freehold |
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 April 2022 the House Price Index for ESSEX was 144.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 2.980%.Applying this 2.980% change to the original purchase price of £305,000 results in an estimated price of approximately £314,088.
| 13 Apr 2022 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 144.3 | 148.6 | 2.980 % | £305,000 | £9,088 | £314,088 |
The Postcode Pricing Model uses changes in average sales price within the CM9 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 | 13.002 % | £39,655 | £344,655 |
| 3 Month Average | -4.852 % | £-14,797 | £290,202 |
| 6 Month Average | -2.966 % | £-9,047 | £295,952 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Feb 2023 | £123,717 | £123,800 | UNIT 1 DRAKKAR WHARF THE SQUARE |
| 28 Nov 2022 | £303,326 | £307,000 | 19 THE SQUARE |
| 19 Oct 2022 | £445,206 | £450,000 | SYCAMORES CHELMER LANE |
| 26 Apr 2022 | £2,440,624 | £2,370,000 | 7 GALLIFORD ROAD INDUSTRIAL ESTATE |
| 13 Apr 2022 | £314,089 | £305,000 | 8 BENBRIDGE CLOSE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near The Square |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near The Square |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Anchor Lane |
| Dec 2023 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Anchor Lane |
| Feb 2024 | Public order | Action to be taken by another organisation | On or near Regency Court |