£262,991
This estimated value is based upon the latest sale price for the house of £160,000 on 25 Jul 2008. This value is then adjusted by the current Official House Price Index for ESSEX 1
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Churchgate Lakes, Rectory Lane, Battlesbridge, SS11 7QR
Phone: 01245378721
| Price Paid | Date |
|---|---|
| £160,000 | 25 Jul 2008 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 54 sq meters or 581 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 July 2008 the House Price Index for ESSEX was 90.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 64.370%.Applying this 64.370% change to the original purchase price of £160,000 results in an estimated price of approximately £262,991.
| 25 Jul 2008 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 90.4 | 148.6 | 64.370 % | £160,000 | £102,991 | £262,991 |
The Postcode Pricing Model uses changes in average sales price within the SS7 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 | 2.736 % | £4,377 | £164,377 |
| 3 Month Average | 67.156 % | £107,450 | £267,450 |
| 6 Month Average | 62.820 % | £100,511 | £260,511 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Mar 2024 | £510,000 | £510,000 | 169 RAYLEIGH ROAD |
| 22 Aug 2022 | £251,822 | £252,500 | FLAT 24 WISTERIA COURT, 186 RAYLEIGH ROAD |
| 9 Jun 2022 | £258,655 | £255,000 | FLAT 16 WISTERIA COURT, 186 RAYLEIGH ROAD |
| 26 May 2022 | £408,701 | £401,000 | 20 DRAKE CLOSE |
| 13 Apr 2022 | £262,599 | £255,000 | FLAT 18 WISTERIA COURT, 186 RAYLEIGH ROAD |
This house has a floor area of 54 sq meters or 581 sq feet when measured on 4 Sep 2020. Using an estimated price of £262,992 means this house is valued at £4,870 per sq meter (£452 per sq foot).
The average size of a house on RAYLEIGH ROAD is 99 sq meters (1,066 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Abbotswood |
| Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Abbotswood |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Abbotswood |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Thurlstone |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Thurlstone |