£178,576
This estimated value is based upon the latest sale price for the house of £142,500 on 16 Mar 2018. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £142,500 | 16 Mar 2018 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 73 sq meters or 785 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 March 2018 the House Price Index for ESSEX was 118.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 25.317%.Applying this 25.317% change to the original purchase price of £142,500 results in an estimated price of approximately £178,576.
| 16 Mar 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 118.6 | 148.6 | 25.317 % | £142,500 | £36,076 | £178,576 |
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 | 17.441 % | £24,853 | £167,353 |
| 3 Month Average | 2.107 % | £3,002 | £145,502 |
| 6 Month Average | 12.393 % | £17,659 | £160,159 |
| 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 73 sq meters or 785 sq feet when measured on 17 Jul 2014. Using an estimated price of £178,577 means this house is valued at £2,446 per sq meter (£227 per sq foot).
The average size of a house on MAGNOLIA DRIVE is 84 sq meters (912 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Heatley Way |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Heatley Way |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Heatley Way |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Heatley Way |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Heatley Way |