£420,423
This estimated value is based upon the latest sale price for the house of £342,482 on 22 Apr 2020. This value is then adjusted by the current Official House Price Index for ESSEX 1
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Price Paid | Date |
---|---|
£342,482 | 22 Apr 2020 |
Terraced |
Leasehold |
Floor Area: 77 sq meters or 828 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 April 2020 the House Price Index for ESSEX was 121.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 22.758%.Applying this 22.758% change to the original purchase price of £342,482 results in an estimated price of approximately £420,423.
22 Apr 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
121.1 | 148.6 | 22.758 % | £342,482 | £77,941 | £420,423 |
The Postcode Pricing Model uses changes in average sales price within the CO2 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 | 44.875 % | £153,687 | £496,169 |
3 Month Average | 16.479 % | £56,437 | £398,919 |
6 Month Average | 22.048 % | £75,511 | £417,993 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
29 Sep 2023 | £199,551 | £197,000 | 2 CANNOCK MILL COURT OLD HEATH ROAD |
5 Sep 2023 | £314,066 | £310,050 | 12 BARN HALL AVENUE |
14 Sep 2022 | £269,102 | £271,275 | 5 CANNOCK MILL RISE |
20 Dec 2021 | £176,777 | £165,000 | 3 WARWICK COURT |
29 Jul 2021 | £252,838 | £220,000 | 144 OLD HEATH ROAD |
This house has a floor area of 77 sq meters or 828 sq feet when measured on 27 Jan 2020. Using an estimated price of £420,424 means this house is valued at £5,460 per sq meter (£507 per sq foot).
The average size of a house on CANNOCK MILL RISE is 110 sq meters (1,185 sq feet).