£207,010
This estimated value is based upon the latest sale price for the house of £155,000 on 9 Jun 2016. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £155,000 | 9 Jun 2016 |
| £135,000 | 11 Jan 2008 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 61 sq meters or 656 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 June 2016 the House Price Index for ESSEX was 111.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 33.555%.Applying this 33.555% change to the original purchase price of £155,000 results in an estimated price of approximately £207,010.
| 9 Jun 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 111.3 | 148.6 | 33.555 % | £155,000 | £52,010 | £207,010 |
The Postcode Pricing Model uses changes in average sales price within the CO2 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 | 73.806 % | £114,399 | £269,399 |
| 3 Month Average | 30.800 % | £47,739 | £202,739 |
| 6 Month Average | 38.786 % | £60,118 | £215,118 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 Nov 2023 | £223,306 | £220,000 | 39 PAXMAN AVENUE |
| 3 Nov 2023 | £233,456 | £230,000 | 27 WALNUT TREE WAY |
| 23 Aug 2023 | £343,001 | £340,000 | 31 WALNUT TREE WAY |
| 24 Mar 2023 | £341,215 | £338,000 | 76 RAYNER ROAD |
| 27 Jan 2023 | £243,851 | £245,000 | 37 WALNUT TREE WAY |
This house has a floor area of 61 sq meters or 656 sq feet when measured on 7 Mar 2016. Using an estimated price of £207,010 means this house is valued at £3,393 per sq meter (£315 per sq foot).
The average size of a house on WALNUT TREE WAY is 89 sq meters (967 sq feet).