£1,040,679
This estimated value is based upon the latest sale price for the house of £870,000 on 1 Jul 2020. This value is then adjusted by the current Official House Price Index for ESSEX 1
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8 Cambridge Road, Stansted, CM24 8BZ
Phone: 01279246659
Price Paid | Date |
---|---|
£870,000 | 1 Jul 2020 |
£757,200 | 15 May 2015 |
Freehold |
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 July 2020 the House Price Index for ESSEX was 122.9.
The House Price Index as of 1 Jan 2024 is 147.0 which is a change of 19.618%.Applying this 19.618% change to the original purchase price of £870,000 results in an estimated price of approximately £1,040,679.
1 Jul 2020 | 1 Jan 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
122.9 | 147.0 | 19.618 % | £870,000 | £170,679 | £1,040,679 |
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 | -15.796 % | £-137,420 | £732,579 |
3 Month Average | 34.942 % | £303,996 | £1,173,996 |
6 Month Average | 18.385 % | £159,949 | £1,029,949 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
29 Aug 2023 | £774,730 | £780,000 | 13 PEACHEY WALK |
31 Jul 2023 | £669,090 | £670,000 | UNIT 4 M11 BUSINESS LINK PARSONAGE LANE |
13 Jul 2023 | £441,899 | £442,500 | 1 PEACHEY WALK |
30 Jun 2023 | £514,949 | £516,000 | 82 WALSON WAY |
14 Mar 2023 | £373,982 | £375,000 | UNIT 2 PARSONAGE FARM INDUSTRIAL ESTATE |
Date | Crime | Outcome | Where |
---|---|---|---|
Oct 2023 | Violence and sexual offences | Under investigation | On or near Parsonage Lane |
Jan 2024 | Shoplifting | Offender given a caution | On or near Bury Lodge Lane |
Jan 2024 | Possession of weapons | Under investigation | On or near Bury Lodge Lane |
Jan 2024 | Drugs | Local resolution | On or near Bury Lodge Lane |
Jan 2024 | Other theft | Under investigation | On or near Bury Lodge Lane |