£157,351
This estimated value is based upon the latest sale price for the house of £120,000 on 12 Dec 2016. 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 |
|---|---|
| £120,000 | 12 Dec 2016 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 71 sq meters or 764 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 December 2016 the House Price Index for ESSEX was 113.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 31.127%.Applying this 31.127% change to the original purchase price of £120,000 results in an estimated price of approximately £157,351.
| 12 Dec 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 113.3 | 148.6 | 31.127 % | £120,000 | £37,351 | £157,351 |
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 | 14.822 % | £17,786 | £137,786 |
| 3 Month Average | -0.076 % | £-91 | £119,908 |
| 6 Month Average | 13.527 % | £16,232 | £136,232 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Dec 2023 | £122,137 | £120,000 | 10 CONSTABLE VIEW |
| 26 Sep 2023 | £435,569 | £430,000 | 2 BEARDSLEY DRIVE |
| 13 Sep 2023 | £303,885 | £300,000 | 15 BONINGTON CHASE |
| 5 Jul 2023 | £187,524 | £185,000 | 34 LUPIN DRIVE |
| 30 Jun 2022 | £542,669 | £535,000 | 57 BEARDSLEY DRIVE |
This house has a floor area of 71 sq meters or 764 sq feet when measured on 21 Jun 2016. Using an estimated price of £157,352 means this house is valued at £2,216 per sq meter (£205 per sq foot).
The average size of a house on CONSTABLE VIEW is 57 sq meters (620 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Lily Close |
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Lupin Drive |
| Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Lupin Drive |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Lupin Drive |