£239,587
This estimated value is based upon the latest sale price for the house of £150,000 on 31 Jan 2014. This value is then adjusted by the current Official House Price Index for ESSEX 1
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Price Paid | Date |
---|---|
£150,000 | 31 Jan 2014 |
£68,000 | 11 Dec 1997 |
Semi-Detached |
Freehold |
Floor Area: 118 sq meters or 1,270 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 January 2014 the House Price Index for ESSEX was 93.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 59.725%.Applying this 59.725% change to the original purchase price of £150,000 results in an estimated price of approximately £239,587.
31 Jan 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
93.0 | 148.6 | 59.725 % | £150,000 | £89,587 | £239,587 |
The Postcode Pricing Model uses changes in average sales price within the CO15 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 | 81.510 % | £122,264 | £272,264 |
3 Month Average | 53.463 % | £80,194 | £230,194 |
6 Month Average | 53.197 % | £79,795 | £229,795 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
15 Sep 2023 | £124,593 | £123,000 | 125 KNOX ROAD |
28 Apr 2023 | £161,742 | £160,000 | 39 KNOX ROAD |
10 Mar 2023 | £242,283 | £240,000 | 54 KNOX ROAD |
17 Jan 2023 | £135,860 | £136,500 | 80 KNOX ROAD |
17 Aug 2022 | £135,635 | £136,000 | 74 KNOX ROAD |
This house has a floor area of 118 sq meters or 1,270 sq feet when measured on 17 Aug 2012. Using an estimated price of £239,588 means this house is valued at £2,030 per sq meter (£188 per sq foot).
The average size of a house on LONDON ROAD is 91 sq meters (985 sq feet).