£420,869
This estimated value is based upon the latest sale price for the house of £247,950 on 26 Apr 2010. 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 |
|---|---|
| £247,950 | 26 Apr 2010 |
| £230,000 | 19 Feb 2010 |
| Detached |
| Freehold |
| Floor Area: 66 sq meters or 718 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 April 2010 the House Price Index for ESSEX was 87.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 69.740%.Applying this 69.740% change to the original purchase price of £247,950 results in an estimated price of approximately £420,869.
| 26 Apr 2010 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.5 | 148.6 | 69.740 % | £247,950 | £172,919 | £420,869 |
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 | 84.320 % | £209,070 | £457,020 |
| 3 Month Average | 47.548 % | £117,895 | £365,845 |
| 6 Month Average | 64.257 % | £159,325 | £407,275 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 12 Dec 2023 | £407,123 | £400,000 | 57 FALMOUTH ROAD |
| 29 Aug 2023 | £398,486 | £395,000 | 20 REDRUTH CLOSE |
| 14 Aug 2023 | £469,104 | £465,000 | 50 FALMOUTH ROAD |
| 31 Jul 2023 | £435,866 | £430,000 | 4 REDRUTH CLOSE |
| 17 Jan 2023 | £437,937 | £440,000 | 3 PLYMOUTH ROAD |
This house has a floor area of 66 sq meters or 718 sq feet when measured on 18 Jun 2009. Using an estimated price of £420,869 means this house is valued at £6,302 per sq meter (£585 per sq foot).
The average size of a house on REDRUTH CLOSE is 64 sq meters (696 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Further action is not in the public interest | On or near Redruth Close |
| Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Redruth Close |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Tavistock Road |
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Exeter Road |
| Feb 2024 | Anti-social behaviour | On or near Oxford Court |