£585,698
This estimated value is based upon the latest sale price for the house of £350,000 on 1 May 2013. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £350,000 | 1 May 2013 |
| Detached |
| Freehold |
| Floor Area: 157 sq meters or 1,689 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 May 2013 the House Price Index for ESSEX was 88.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 67.342%.Applying this 67.342% change to the original purchase price of £350,000 results in an estimated price of approximately £585,698.
| 1 May 2013 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 88.8 | 148.6 | 67.342 % | £350,000 | £235,698 | £585,698 |
The Postcode Pricing Model uses changes in average sales price within the CO8 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 | 65.651 % | £229,777 | £579,777 |
| 3 Month Average | 76.918 % | £269,211 | £619,211 |
| 6 Month Average | 44.961 % | £157,362 | £507,362 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Sep 2023 | £359,598 | £355,000 | 34 COLCHESTER ROAD |
| 29 Aug 2023 | £371,248 | £368,000 | 4 THE PADDOCKS |
| 21 Jul 2023 | £241,247 | £238,000 | 40 WATER LANE |
| 30 Jun 2023 | £274,323 | £271,000 | 24 WATER LANE |
| 17 Apr 2023 | £374,027 | £370,000 | 18 MALTINGS CLOSE |
This house has a floor area of 157 sq meters or 1,689 sq feet when measured on 12 Jul 2012. Using an estimated price of £585,698 means this house is valued at £3,730 per sq meter (£346 per sq foot).
The average size of a house on WATER LANE is 133 sq meters (1,442 sq feet).
This house is the largest in the street with a floor area of 157 sq meters (1,689 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Anti-social behaviour | On or near Station Hill | |
| Jan 2024 | Public order | Investigation complete; no suspect identified | On or near Hamlet Court |
| Dec 2023 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Hamlet Court |
| Mar 2024 | Anti-social behaviour | On or near The Paddocks | |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near The Waldegraves |