£561,465
This estimated value is based upon the latest sale price for the house of £375,000 on 7 Nov 2014. This value is then adjusted by the current Official House Price Index for ESSEX 1
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51 High Street, Dunmow, CM6 1AE
Phone: 01371829083
| Price Paid | Date |
|---|---|
| £375,000 | 7 Nov 2014 |
| Detached |
| Freehold |
| Floor Area: 86 sq meters or 928 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 2014 the House Price Index for ESSEX was 99.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 49.724%.Applying this 49.724% change to the original purchase price of £375,000 results in an estimated price of approximately £561,465.
| 7 Nov 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 99.2 | 148.6 | 49.724 % | £375,000 | £186,465 | £561,465 |
The Postcode Pricing Model uses changes in average sales price within the CM6 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 | 77.475 % | £290,529 | £665,529 |
| 3 Month Average | 73.015 % | £273,804 | £648,804 |
| 6 Month Average | 50.385 % | £188,945 | £563,945 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Dec 2023 | £458,014 | £450,000 | 1 WARDER CLOSE |
| 28 Mar 2023 | £1,690,931 | £1,675,000 | 1 TOWER VIEW DRIVE |
| 3 Feb 2023 | £199,866 | £200,000 | WILLOW FARM BRAINTREE ROAD |
| 8 Aug 2022 | £738,013 | £740,000 | WAYLAND BRAINTREE ROAD |
| 13 Jul 2022 | £1,403,779 | £1,400,000 | DAVENPORT HOUSE, 20 RIVERSIDE |
This house has a floor area of 86 sq meters or 928 sq feet when measured on 15 Nov 2010. Using an estimated price of £561,466 means this house is valued at £6,507 per sq meter (£604 per sq foot).
The average size of a house on MERKS HILL is 365 sq meters (3,933 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Brick Kiln Drive |
| Feb 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Brick Kiln Drive |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Brick Kiln Drive |
| Dec 2023 | Anti-social behaviour | On or near Brick Kiln Drive | |
| Dec 2023 | Anti-social behaviour | On or near Brick Kiln Drive |