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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|£82,500||1 Nov 2011|
|£32,100||5 Feb 1999|
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 Dec 2019 is 131.8 which is a change of 56.242%.
Applying this 56.242% change to the original purchase price of £82,500 gives us an estimated price now of around £128,899.
|1 Nov 2011||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||42.338 %||£34,928||£117,428|
|3 Month Average||44.399 %||£36,628||£119,128|
|6 Month Average||53.404 %||£44,058||£126,558|
|Date||Current Estimated Value||Price Paid||Address|
|20 Dec 2019||£127,500||£127,500||FLAT 25 WINDMILL COURT LONDON ROAD|
|27 Aug 2019||£275,676||£273,000||19 MAYBURY CLOSE|
|1 May 2019||£238,782||£235,000||133 LONDON ROAD|
|18 Feb 2019||£233,615||£231,000||164 OLD LONDON ROAD|
|3 Jan 2019||£542,977||£540,000||192 OLD LONDON ROAD|