£91,791
This estimated value is based upon the latest sale price for the house of £18,000 on 12 May 1997. 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 Second Avenue
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| Price Paid | Date |
|---|---|
| £18,000 | 12 May 1997 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 20 sq meters or 215 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 May 1997 the House Price Index for ESSEX was 28.8.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 409.953%.Applying this 409.953% change to the original purchase price of £18,000 results in an estimated price of approximately £91,791.
| 12 May 1997 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 28.8 | 146.7 | 409.953 % | £18,000 | £73,791 | £91,791 |
The Postcode Pricing Model uses changes in average sales price within the CO12 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 | 394.833 % | £71,069 | £89,069 |
| 3 Month Average | 414.716 % | £74,648 | £92,648 |
| 6 Month Average | 408.263 % | £73,487 | £91,487 |
This house has a floor area of 20 sq meters or 215 sq feet when measured on 8 Jan 2020.
The average size of a house on SECOND AVENUE is 71 sq meters (772 sq feet).
This house is the smallest in the street with a floor area of 20 sq meters (215 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Possession of weapons | Awaiting court outcome | On or near Second Avenue |
| Jan 2024 | Burglary | Awaiting court outcome | On or near Second Avenue |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Lee Road |
| Dec 2023 | Anti-social behaviour | On or near Lee Road | |
| Dec 2023 | Anti-social behaviour | On or near Lee Road |