This estimated value is based upon the latest sale price for the house of £105,000 on 24 Jun 2014. This value is then adjusted by the current Official House Price Index for ESSEX1
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|£105,000||24 Jun 2014|
|£98,000||21 Nov 2006|
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 June 2014 the House Price Index for ESSEX was 94.7.The House Price Index as of 1 Dec 2019 is 131.8 which is a change of 39.098%.
Applying this 39.098% change to the original purchase price of £105,000 gives us an estimated price now of around £146,052.
|24 Jun 2014||1 Dec 2019||% change||Purchase Price||Gain / Loss||Estimated Price|
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||43.527 %||£45,703||£150,703|
|3 Month Average||39.011 %||£40,962||£145,962|
|6 Month Average||44.449 %||£46,671||£151,671|
|Date||Current Estimated Value||Price Paid||Address|
|22 Jul 2019||£489,055||£485,000||4 QUEENSBERRY AVENUE|
|30 May 2019||£127,012||£125,000||FLAT 15 WINDMILL COURT LONDON ROAD|
|11 Dec 2018||£475,765||£475,000||40 QUEENSBERRY AVENUE|
|5 Nov 2018||£479,774||£480,000||18 QUEENSBERRY AVENUE|
|7 Sep 2018||£802,721||£800,000||2 MILLSTONE GREEN|