£728,088
This estimated value is based upon the latest sale price for the house of £490,000 on 19 Sep 2014. This value is then adjusted by the current Official House Price Index for ESSEX 1
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Coval Hall, Rainsford Road, Chelmsford, CM1 2QF
Phone: 01245845818
| Price Paid | Date |
|---|---|
| £490,000 | 19 Sep 2014 |
| £349,950 | 16 Aug 2006 |
| £275,000 | 4 Jan 2002 |
| £149,950 | 29 Nov 1996 |
| Detached |
| Freehold |
| Floor Area: 150 sq meters or 1,624 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 September 2014 the House Price Index for ESSEX was 98.7.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 48.589%.Applying this 48.589% change to the original purchase price of £490,000 results in an estimated price of approximately £728,088.
| 19 Sep 2014 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 98.7 | 146.7 | 48.589 % | £490,000 | £238,088 | £728,088 |
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 | -16.670 % | £-81,683 | £408,316 |
| 3 Month Average | 34.630 % | £169,688 | £659,688 |
| 6 Month Average | 45.937 % | £225,091 | £715,091 |
This house has a floor area of 150 sq meters or 1,624 sq feet when measured on 20 Jul 2011.
The average size of a house on RICHARDSON PLACE is 162 sq meters (1,744 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Richardson Place |