This estimated value is based upon the latest sale price for the house of £757,200 on 15 May 2015. This value is then adjusted by the current Official House Price Index for ESSEX1
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|£757,200||15 May 2015|
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 May 2015 the House Price Index for ESSEX was 102.7.The House Price Index as of 1 Dec 2019 is 131.8 which is a change of 28.325%.
Applying this 28.325% change to the original purchase price of £757,200 gives us an estimated price now of around £971,675.
|15 May 2015||1 Dec 2019||% change||Purchase Price||Gain / Loss||Estimated Price|
The Postcode Pricing Model uses changes in average sales price within the CM24 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||-59.527 %||£-450,737||£306,462|
|3 Month Average||-20.630 %||£-156,208||£600,991|
|6 Month Average||11.396 %||£86,288||£843,488|
|Date||Current Estimated Value||Price Paid||Address|
|14 Nov 2019||£598,984||£595,000||5 CLARKE CLOSE|
|11 Nov 2019||£352,344||£350,000||1 PEACHEY WALK|
|24 Sep 2019||£381,972||£380,000||9 HAGGERWOOD WAY|
|24 Sep 2019||£462,387||£460,000||29 PEACHEY WALK|
|12 Aug 2019||£376,151||£372,500||50 WALSON WAY|