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Estimated Market Value


This estimated value is based upon the latest sale price for the house of £82,500 on 1 Nov 2011. This value is then adjusted by the current Official House Price Index for ESSEX1

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Transactions for this house
Price PaidDate
£82,5001 Nov 2011
£32,1005 Feb 1999
House Details

House Price Models

Land Registry House Price Index Model

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 November 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 55.833%.

Applying this 55.833% change to the original purchase price of £82,500 gives us an estimated price now of around £128,562.

1 Nov 2011 1 Jun 2019 % change Purchase Price Gain / Loss Estimated Price
84.3 131.4 55.833 % £82,500 £46,062 £128,562

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 57.117 % £47,121 £129,621
3 Month Average 43.191 % £35,632 £118,132
6 Month Average 37.695 % £31,098 £113,598

In this model we estimate the price by looking at how the average sale prices have changed since the house was purchased.

In November 2011 the average sale price for the 50 nearest sales within five miles of WINDMILL COURT FLAT 4 LONDON ROAD was £216,359.

In October 2019 the average sale price for the 44 nearest sales was £245,692. This is a change of 13.558%.

So taking the original purchase price of £82,500 and adjusting it by 13.558% gives an estimated price of £93,685.

View a detailed breakdown on the calculations used for this estimate and guidelines on its accuracy.

Average price on 1 Nov 2011 Average price on 31 Oct 2019 % change Purchase Price Gain / Loss Estimated Price
£216,359 £245,692 13.558 % £82,500 £11,185 £93,685
Recent Sales Near Here
DateCurrent Estimated ValuePrice PaidAddress
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

Show these sales on a map

1This estimate is algorithmically derived, and doesn't account for any specific improvements or changes made to this house. For an accurate valuation please consult a professional valuer, or estate agent.

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