£226,746
This estimated value is based upon the latest sale price for the house of £224,000 on 23 Jun 2023. This value is then adjusted by the current Official House Price Index for ESSEX 1
Get our free house price tracker.
| Price Paid | Date |
|---|---|
| £224,000 | 23 Jun 2023 |
| £165,000 | 20 Dec 2010 |
| Semi-Detached |
| Freehold |
| Floor Area: 58 sq meters or 630 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 June 2023 the House Price Index for ESSEX was 146.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 1.226%.Applying this 1.226% change to the original purchase price of £224,000 results in an estimated price of approximately £226,746.
| 23 Jun 2023 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.8 | 148.6 | 1.226 % | £224,000 | £2,746 | £226,746 |
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 | 7.292 % | £16,335 | £240,335 |
| 3 Month Average | -3.246 % | £-7,271 | £216,728 |
| 6 Month Average | -1.015 % | £-2,272 | £221,727 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Dec 2023 | £213,022 | £209,295 | 8 EDEN DRIVE |
| 22 Nov 2023 | £406,011 | £400,000 | 6 RUDKIN ROAD |
| 30 Jun 2023 | £344,169 | £340,000 | 197 MILL ROAD |
| 23 Jun 2023 | £226,747 | £224,000 | 8 REMUS CLOSE |
| 26 Apr 2023 | £298,211 | £295,000 | 181 MILL ROAD |
This house has a floor area of 58 sq meters or 630 sq feet when measured on 4 Jun 2010. Using an estimated price of £226,747 means this house is valued at £3,872 per sq meter (£359 per sq foot).
The average size of a house on REMUS CLOSE is 65 sq meters (700 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Other theft | Investigation complete; no suspect identified | On or near Remus Close |
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Citius Parade |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Thornwood |