£494,391
This estimated value is based upon the latest sale price for the house of £288,000 on 17 Aug 2006. This value is then adjusted by the current Official House Price Index for ESSEX 1
There has been one burglary within the last year on or near Alma Road
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| Price Paid | Date |
|---|---|
| £288,000 | 17 Aug 2006 |
| £176,995 | 15 Mar 2002 |
| £94,000 | 24 Nov 1995 |
| Detached |
| Freehold |
| Floor Area: 109 sq meters or 1,173 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 August 2006 the House Price Index for ESSEX was 86.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 71.664%.Applying this 71.664% change to the original purchase price of £288,000 results in an estimated price of approximately £494,391.
| 17 Aug 2006 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.6 | 148.6 | 71.664 % | £288,000 | £206,391 | £494,391 |
The Postcode Pricing Model uses changes in average sales price within the SS7 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 | 14.707 % | £42,357 | £330,357 |
| 3 Month Average | 89.686 % | £258,294 | £546,294 |
| 6 Month Average | 78.828 % | £227,024 | £515,024 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Nov 2023 | £393,323 | £387,500 | 106A OLIVE AVENUE |
| 11 Jul 2023 | £577,776 | £570,000 | 86 OLIVE AVENUE |
| 24 Feb 2023 | £420,967 | £421,250 | 14 HEATHER DRIVE |
| 16 Sep 2022 | £396,796 | £400,000 | FLAT 8 SALVATION VIEW, 1 ALMA ROAD |
| 9 Sep 2022 | £520,794 | £525,000 | FLAT 7 SALVATION VIEW, 1 ALMA ROAD |
This house has a floor area of 109 sq meters or 1,173 sq feet when measured on 9 Mar 2018. Using an estimated price of £494,391 means this house is valued at £4,535 per sq meter (£421 per sq foot).
There is one other house on the street which we know the size of, this is 11 ALMA ROAD it is 110.12
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Burglary | Investigation complete; no suspect identified | On or near Alma Road |
| Jan 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Alma Close |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Alma Close |
| Dec 2023 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Alma Close |
| Dec 2023 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Alma Close |