£969,050
This estimated value is based upon the latest sale price for the house of £346,000 on 24 Jul 2002. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £346,000 | 24 Jul 2002 |
| Detached |
| 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 2002 the House Price Index for ESSEX was 53.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 180.072%.Applying this 180.072% change to the original purchase price of £346,000 results in an estimated price of approximately £969,050.
| 24 Jul 2002 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 53.1 | 148.6 | 180.072 % | £346,000 | £623,050 | £969,050 |
The Postcode Pricing Model uses changes in average sales price within the CO5 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 | 148.583 % | £514,097 | £860,097 |
| 3 Month Average | 170.798 % | £590,960 | £936,960 |
| 6 Month Average | 172.319 % | £596,225 | £942,225 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Mar 2024 | £395,000 | £395,000 | 48 SHERWOOD WAY |
| 24 Nov 2023 | £680,068 | £670,000 | LITRES RYE MILL LANE |
| 29 Sep 2023 | £457,854 | £452,000 | 17 SHERWOOD WAY |
| 7 Sep 2023 | £359,598 | £355,000 | 19 PACKE CLOSE |
| 20 Jul 2023 | £354,775 | £350,000 | 25 PACKE CLOSE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Packe Close |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Packe Close |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Packe Close |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Harvest Court |
| Mar 2024 | Drugs | Local resolution | On or near Millers Mead |