£899,342
This estimated value is based upon the latest sale price for the house of £495,500 on 11 Jul 2005. This value is then adjusted by the current Official House Price Index for ESSEX 1
There has been one burglary within the last year on or near Spinnel'S Lane
More crime details
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| Price Paid | Date |
|---|---|
| £495,500 | 11 Jul 2005 |
| 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 2005 the House Price Index for ESSEX was 80.8.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 81.502%.Applying this 81.502% change to the original purchase price of £495,500 results in an estimated price of approximately £899,342.
| 11 Jul 2005 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 80.8 | 146.7 | 81.502 % | £495,500 | £403,842 | £899,342 |
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 | 65.931 % | £326,690 | £822,190 |
| 3 Month Average | 71.044 % | £352,024 | £847,524 |
| 6 Month Average | 96.619 % | £478,748 | £974,248 |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Burglary | Unable to prosecute suspect | On or near Spinnel'S Lane |
| Jan 2024 | Drugs | Awaiting court outcome | On or near Church Road |
| Dec 2023 | Drugs | Under investigation | On or near Church Road |
| Feb 2024 | Public order | Unable to prosecute suspect | On or near Parking Area |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Harwich Road |