This estimated value is based upon the latest sale price for the house of £81,000 on 31 Oct 2011. This value is then adjusted by the current Official House Price Index for ESSEX1
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|£81,000||31 Oct 2011|
|£105,000||12 Apr 2007|
|£55,000||26 Oct 2001|
|£39,500||1 Nov 1999|
|£27,000||22 Aug 1996|
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 October 2011 the House Price Index for ESSEX was 84.3.The House Price Index as of 1 Jun 2019 is 131.4 which is a change of 55.975%.
Applying this 55.975% change to the original purchase price of £81,000 gives us an estimated price now of around £126,340.
|31 Oct 2011||1 Jun 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||38.296 %||£31,019||£112,019|
|3 Month Average||41.131 %||£33,315||£114,315|
|6 Month Average||37.054 %||£30,013||£111,013|
In this model we estimate the price by looking at how the average sale prices have changed since the house was purchased.
In October 2011 the average sale price for the 50 nearest sales within five miles of WINDMILL COURT FLAT 28 LONDON ROAD was £208,611.
In October 2019 the average sale price for the 44 nearest sales was £245,692. This is a change of 17.775%.
So taking the original purchase price of £81,000 and adjusting it by 17.775% gives an estimated price of £95,398.
View a detailed breakdown on the calculations used for this estimate and guidelines on its accuracy.
|Average price on 31 Oct 2011||Average price on 31 Oct 2019||% change||Purchase Price||Gain / Loss||Estimated Price|
|Date||Current Estimated Value||Price Paid||Address|
|18 Feb 2019||£232,917||£231,000||164 OLD LONDON ROAD|
|3 Jan 2019||£541,508||£540,000||192 OLD LONDON ROAD|
|6 Dec 2018||£122,380||£122,500||FLAT 7 OLD RECTORY COURT STATION ROAD|
|17 Aug 2018||£316,061||£315,000||2 MAYBURY CLOSE|
|13 Aug 2018||£290,977||£290,000||2 BURY CLOSE|