£204,110
This estimated value is based upon the latest sale price for the house of £150,000 on 11 Mar 2016. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £150,000 | 11 Mar 2016 |
| £115,000 | 31 Jan 2014 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 42 sq meters or 452 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 March 2016 the House Price Index for ESSEX was 110.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 36.074%.Applying this 36.074% change to the original purchase price of £150,000 results in an estimated price of approximately £204,110.
| 11 Mar 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 110.0 | 149.7 | 36.074 % | £150,000 | £54,110 | £204,110 |
The Postcode Pricing Model uses changes in average sales price within the SS15 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 | 22.327 % | £33,490 | £183,490 |
| 3 Month Average | 33.910 % | £50,865 | £200,865 |
| 6 Month Average | 31.742 % | £47,612 | £197,612 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 Nov 2023 | £145,185 | £141,500 | 16 CHERRY GROVE |
| 3 Nov 2023 | £232,143 | £226,250 | FLAT 8 BRAMPTON PLACE WALFORDS CLOSE |
| 22 Sep 2023 | £204,508 | £200,000 | FLAT 10 CHAPEL COURT, 4 CROWN DRIVE |
| 28 Apr 2023 | £285,337 | £280,000 | 28 CHILLINGHAM ROAD |
| 31 Mar 2023 | £228,567 | £224,750 | FLAT 11 CHAPEL COURT, 4 CROWN DRIVE |
This house has a floor area of 42 sq meters or 452 sq feet when measured on 23 Jan 2013. Using an estimated price of £204,110 means this house is valued at £4,859 per sq meter (£451 per sq foot).
The average size of a house on POWELL ROAD is 59 sq meters (636 sq feet).