£320,200
This estimated value is based upon the latest sale price for the house of £60,000 on 21 Jan 1997. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £60,000 | 21 Jan 1997 |
| Terraced |
| Freehold |
| Floor Area: 115 sq meters or 1,246 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 January 1997 the House Price Index for ESSEX was 27.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 433.667%.Applying this 433.667% change to the original purchase price of £60,000 results in an estimated price of approximately £320,200.
| 21 Jan 1997 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 27.8 | 148.6 | 433.667 % | £60,000 | £260,200 | £320,200 |
The Postcode Pricing Model uses changes in average sales price within the CO11 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 | 353.699 % | £212,219 | £272,219 |
| 3 Month Average | 426.172 % | £255,703 | £315,703 |
| 6 Month Average | 480.828 % | £288,496 | £348,496 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Sep 2023 | £243,108 | £240,000 | 1 PARK COTTAGE THE PARK |
| 31 Mar 2023 | £257,425 | £255,000 | 38 NEW ROAD |
| 24 Feb 2023 | £266,820 | £267,000 | 25 OXFORD ROAD |
| 23 Feb 2023 | £584,607 | £585,000 | MISTLEY LODGE MEWS THE PARK |
| 4 Aug 2022 | £252,570 | £253,250 | JESTINGS THE PARK |
This house has a floor area of 115 sq meters or 1,246 sq feet when measured on 3 Mar 2010. Using an estimated price of £320,200 means this house is valued at £2,765 per sq meter (£256 per sq foot).
The average size of a house on THE PARK is 112 sq meters (1,206 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Vehicle crime | Under investigation | On or near The Park |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near The Park |
| Jan 2024 | Bicycle theft | Unable to prosecute suspect | On or near The Park |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near The Park |
| Feb 2024 | Anti-social behaviour | On or near Parsons Yard |