£179,675
This estimated value is based upon the latest sale price for the house of £75,000 on 7 Apr 2003. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £75,000 | 7 Apr 2003 |
| Terraced |
| 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 April 2003 the House Price Index for ESSEX was 62.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 139.568%.Applying this 139.568% change to the original purchase price of £75,000 results in an estimated price of approximately £179,675.
| 7 Apr 2003 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 62.0 | 148.6 | 139.568 % | £75,000 | £104,675 | £179,675 |
The Postcode Pricing Model uses changes in average sales price within the CO6 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 | 208.042 % | £156,031 | £231,031 |
| 3 Month Average | 146.258 % | £109,693 | £184,693 |
| 6 Month Average | 112.007 % | £84,005 | £159,005 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Dec 2023 | £300,253 | £295,000 | 1 SPRING GARDENS COTTAGES SPRING GARDENS ROAD |
| 13 Dec 2023 | £229,007 | £225,000 | RIVENDELL COLCHESTER ROAD |
| 1 Dec 2023 | £880,404 | £865,000 | SOUTHBOURNE COLCHESTER ROAD |
| 28 Jul 2023 | £611,987 | £603,750 | 1 BEECHAMS COTTAGES SPRING GARDENS ROAD |
| 28 Jun 2023 | £718,706 | £710,000 | TYNINGS STATION ROAD |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Spring Gardens Road |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Spring Gardens Road |
| Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near Wakes Street |
| Feb 2024 | Burglary | Investigation complete; no suspect identified | On or near Vernons Road |
| Dec 2023 | Burglary | Investigation complete; no suspect identified | On or near Vernons Road |