£570,498
This estimated value is based upon the latest sale price for the house of £527,500 on 30 Nov 2021. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £527,500 | 30 Nov 2021 |
| £360,000 | 25 Oct 2004 |
| Semi-Detached |
| Freehold |
| Floor Area: 191 sq meters or 2,055 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 November 2021 the House Price Index for ESSEX was 137.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 8.151%.Applying this 8.151% change to the original purchase price of £527,500 results in an estimated price of approximately £570,498.
| 30 Nov 2021 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 137.4 | 148.6 | 8.151 % | £527,500 | £42,998 | £570,498 |
The Postcode Pricing Model uses changes in average sales price within the CM8 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 | -32.880 % | £-173,443 | £354,056 |
| 3 Month Average | -34.049 % | £-179,610 | £347,889 |
| 6 Month Average | -11.616 % | £-61,275 | £466,224 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 21 Dec 2023 | £186,259 | £183,000 | 24 MORTIMER WAY |
| 19 Dec 2023 | £407,123 | £400,000 | 38 PURCELL ROAD |
| 15 Sep 2023 | £329,209 | £325,000 | 158 MORTIMER WAY |
| 5 Jun 2023 | £182,207 | £180,000 | 14 MORTIMER WAY |
| 3 Feb 2023 | £574,613 | £575,000 | 16 PURCELL ROAD |
This house has a floor area of 191 sq meters or 2,055 sq feet when measured on 15 Oct 2016. Using an estimated price of £570,499 means this house is valued at £2,986 per sq meter (£277 per sq foot).
The average size of a house on PURCELL ROAD is 132 sq meters (1,424 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Drugs | Local resolution | On or near Purcell Road |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Chaplin Mews |
| Feb 2024 | Other crime | Further action is not in the public interest | On or near Bantock Way |
| Feb 2024 | Violence and sexual offences | Local resolution | On or near Bantock Way |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Bantock Way |