£360,513
This estimated value is based upon the latest sale price for the house of £232,000 on 27 Mar 2014. 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 Spinnel'S Lane
More crime details
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| Price Paid | Date |
|---|---|
| £232,000 | 27 Mar 2014 |
| £190,000 | 12 Aug 2009 |
| Detached |
| Freehold |
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 2014 the House Price Index for ESSEX was 94.4.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 55.394%.Applying this 55.394% change to the original purchase price of £232,000 results in an estimated price of approximately £360,513.
| 27 Mar 2014 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 94.4 | 146.7 | 55.394 % | £232,000 | £128,513 | £360,513 |
The Postcode Pricing Model uses changes in average sales price within the CO11 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 | 40.273 % | £93,432 | £325,432 |
| 3 Month Average | 53.053 % | £123,083 | £355,083 |
| 6 Month Average | 65.295 % | £151,484 | £383,484 |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Burglary | Unable to prosecute suspect | On or near Spinnel'S Lane |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Harwich Road |
| Feb 2024 | Burglary | Under investigation | On or near Daleview Avenue |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Colchester Road |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Heath Road |