£707,205
This estimated value is based upon the latest sale price for the house of £610,000 on 27 Nov 2020. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £610,000 | 27 Nov 2020 |
| 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 November 2020 the House Price Index for ESSEX was 128.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 15.935%.Applying this 15.935% change to the original purchase price of £610,000 results in an estimated price of approximately £707,205.
| 27 Nov 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 128.2 | 148.6 | 15.935 % | £610,000 | £97,205 | £707,205 |
The Postcode Pricing Model uses changes in average sales price within the CO6 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 | 12.475 % | £76,097 | £686,097 |
| 3 Month Average | -4.070 % | £-24,828 | £585,171 |
| 6 Month Average | -8.156 % | £-49,748 | £560,251 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 6 Sep 2023 | £597,641 | £590,000 | MEARS PEBMARSH ROAD |
| 7 Aug 2023 | £383,354 | £380,000 | 21 CHURCH STREET |
| 16 Feb 2023 | £659,556 | £660,000 | 1 BROOK STREET |
| 12 Jan 2022 | £486,256 | £462,041 | THE FIVE BELLS MILL LANE |
| 10 Dec 2021 | £286,593 | £267,500 | 13 CHURCH STREET |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Criminal damage and arson | Under investigation | On or near Rainbow Way |
| Dec 2023 | Anti-social behaviour | On or near Rainbow Way | |
| Dec 2023 | Anti-social behaviour | On or near Rainbow Way | |
| Dec 2023 | Anti-social behaviour | On or near Rainbow Way | |
| Dec 2023 | Anti-social behaviour | On or near Rainbow Way |