£588,343
This estimated value is based upon the latest sale price for the house of £544,000 on 25 Nov 2021. This value is then adjusted by the current Official House Price Index for ESSEX 1
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4 Torquay Road, Chelmsford, CM1 6NF
Phone: 01245378576
Price Paid | Date |
---|---|
£544,000 | 25 Nov 2021 |
£200,000 | 12 Dec 2002 |
Detached |
Freehold |
Floor Area: 129 sq meters or 1,388 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 November 2021 the House Price Index for ESSEX was 137.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 8.151%.Applying this 8.151% change to the original purchase price of £544,000 results in an estimated price of approximately £588,343.
25 Nov 2021 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
137.4 | 148.6 | 8.151 % | £544,000 | £44,343 | £588,343 |
The Postcode Pricing Model uses changes in average sales price within the CM1 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 | -7.646 % | £-41,593 | £502,406 |
3 Month Average | -12.771 % | £-69,474 | £474,525 |
6 Month Average | -5.462 % | £-29,715 | £514,284 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
3 Nov 2023 | £390,786 | £385,000 | 22 DAFFODIL WAY |
29 Sep 2023 | £415,310 | £410,000 | 1 BLUEBELL GREEN |
30 Jun 2023 | £374,537 | £370,000 | 3 BLUEBELL GREEN |
9 Mar 2023 | £368,471 | £365,000 | 21 DAFFODIL WAY |
6 Jan 2023 | £360,800 | £362,500 | 18 BLUEBELL GREEN |
This house has a floor area of 129 sq meters or 1,388 sq feet when measured on 5 Jul 2021. Using an estimated price of £588,344 means this house is valued at £4,560 per sq meter (£423 per sq foot).
The average size of a house on DAFFODIL WAY is 89 sq meters (965 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near Daffodil Way |
Apr 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Tulip Close |
Apr 2024 | Violence and sexual offences | Under investigation | On or near Tulip Close |
Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Tulip Close |
Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Tulip Close |