£605,638
This estimated value is based upon the latest sale price for the house of £500,000 on 6 Sep 2019. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £500,000 | 6 Sep 2019 |
| £360,000 | 24 May 2017 |
| £113,000 | 31 Oct 1997 |
| Detached |
| Freehold |
| Floor Area: 125 sq meters or 1,345 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 September 2019 the House Price Index for ESSEX was 121.1.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 21.128%.Applying this 21.128% change to the original purchase price of £500,000 results in an estimated price of approximately £605,638.
| 6 Sep 2019 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.1 | 146.7 | 21.128 % | £500,000 | £105,638 | £605,638 |
The Postcode Pricing Model uses changes in average sales price within the CO14 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 | 107.426 % | £537,127 | £1,037,127 |
| 3 Month Average | 44.916 % | £224,581 | £724,581 |
| 6 Month Average | 19.596 % | £97,978 | £597,978 |
This house has a floor area of 125 sq meters or 1,345 sq feet when measured on 23 Sep 2014.
The average size of a house on CLIFF PARADE is 178 sq meters (1,918 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Other theft | Under investigation | On or near Second Avenue |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Spendells Close |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Spendells Close |
| Dec 2023 | Burglary | Investigation complete; no suspect identified | On or near Spendells Close |
| Mar 2024 | Criminal damage and arson | Under investigation | On or near Beatrice Road |