£230,228
This estimated value is based upon the latest sale price for the house of £63,500 on 22 Sep 2000. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £63,500 | 22 Sep 2000 |
| £40,000 | 12 Nov 1997 |
| Semi-Detached |
| Freehold |
| Floor Area: 90 sq meters or 968 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 September 2000 the House Price Index for ESSEX was 40.5.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 262.565%.Applying this 262.565% change to the original purchase price of £63,500 results in an estimated price of approximately £230,228.
| 22 Sep 2000 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 40.5 | 146.7 | 262.565 % | £63,500 | £166,728 | £230,228 |
The Postcode Pricing Model uses changes in average sales price within the CO15 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 | 353.245 % | £224,310 | £287,810 |
| 3 Month Average | 197.010 % | £125,101 | £188,601 |
| 6 Month Average | 214.241 % | £136,043 | £199,543 |
This house has a floor area of 90 sq meters or 968 sq feet when measured on 8 Apr 2015.
The average size of a house on MELBOURNE ROAD is 86 sq meters (929 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Melbourne Road |
| Jan 2024 | Public order | Investigation complete; no suspect identified | On or near Melbourne Road |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Melbourne Road |
| Dec 2023 | Other theft | Investigation complete; no suspect identified | On or near Melbourne Road |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Melbourne Road |