£811,070
This estimated value is based upon the latest sale price for the house of £133,334 on 19 Oct 2023. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £133,334 | 19 Oct 2023 |
| £100,000 | 4 Jul 2008 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 66 sq meters or 717 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 October 2023 the House Price Index for ESSEX was 24.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 508.300%.Applying this 508.300% change to the original purchase price of £133,334 results in an estimated price of approximately £811,070.
| 19 Oct 2023 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 24.4 | 148.6 | 508.300 % | £133,334 | £677,736 | £811,070 |
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 | 0.022 % | £28 | £133,362 |
| 3 Month Average | -0.695 % | £-926 | £132,407 |
| 6 Month Average | -1.437 % | £-1,915 | £131,418 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 9 Aug 2023 | £131,147 | £130,000 | FLAT 4 WAYPOND COURT WELLESLEY ROAD |
| 30 Jun 2023 | £134,969 | £133,334 | FLAT 3 DORSET HOUSE, 26 WELLESLEY ROAD |
| 6 Jun 2023 | £91,104 | £90,000 | 5B HAYES ROAD |
| 6 Apr 2023 | £265,863 | £263,000 | 23 WELLESLEY ROAD |
| 15 Jul 2022 | £115,310 | £115,000 | FLAT 5 WAYPOND COURT WELLESLEY ROAD |
This house has a floor area of 66 sq meters or 717 sq feet when measured on 7 Oct 2008.
The average size of a house on WELLESLEY ROAD is 93 sq meters (1,010 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Hayes Road |
| Feb 2024 | Other crime | Unable to prosecute suspect | On or near Hayes Road |
| Jan 2024 | Other theft | Unable to prosecute suspect | On or near Hayes Road |
| Mar 2024 | Possession of weapons | Under investigation | On or near Pier Avenue |
| Mar 2024 | Violence and sexual offences | Awaiting court outcome | On or near Pier Avenue |