£523,730
This estimated value is based upon the latest sale price for the house of £415,000 on 27 Oct 2017. This value is then adjusted by the current Official House Price Index for ESSEX 1
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Market House, Market Place, Braintree, CM7 3HG
Phone: 01376409817
Price Paid | Date |
---|---|
£415,000 | 27 Oct 2017 |
Detached |
Freehold |
Floor Area: 135 sq meters or 1,453 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 October 2017 the House Price Index for ESSEX was 117.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 26.200%.Applying this 26.200% change to the original purchase price of £415,000 results in an estimated price of approximately £523,730.
27 Oct 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
117.7 | 148.6 | 26.200 % | £415,000 | £108,730 | £523,730 |
The Postcode Pricing Model uses changes in average sales price within the CM7 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 | 6.106 % | £25,339 | £440,339 |
3 Month Average | 9.043 % | £37,529 | £452,529 |
6 Month Average | 8.502 % | £35,283 | £450,283 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
1 Sep 2023 | £283,626 | £280,000 | 3 NORTHUMBERLAND CLOSE |
2 Jun 2023 | £332,224 | £328,200 | 2 WARWICK CLOSE |
18 Jul 2022 | £268,222 | £267,500 | 20 WARWICK CLOSE |
17 May 2022 | £535,082 | £525,000 | 7 ELIZABETH LOCKHART WAY |
23 Mar 2022 | £566,711 | £546,880 | 1 DOUBLEDAY GARDENS |
This house has a floor area of 135 sq meters or 1,453 sq feet when measured on 11 Jan 2017. Using an estimated price of £523,730 means this house is valued at £3,879 per sq meter (£360 per sq foot).
The average size of a house on DOUBLEDAY GARDENS is 161 sq meters (1,735 sq feet).