£434,338
This estimated value is based upon the latest sale price for the house of £355,000 on 13 Feb 2020. This value is then adjusted by the current Official House Price Index for ESSEX 1
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Suite 3, 8 Kingsdale Business Centre, Regina Road, Chelmsford, CM1 1PE
Phone: 01245378661
Price Paid | Date |
---|---|
£355,000 | 13 Feb 2020 |
Terraced |
Freehold |
Floor Area: 108 sq meters or 1,162 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 February 2020 the House Price Index for ESSEX was 121.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 22.349%.Applying this 22.349% change to the original purchase price of £355,000 results in an estimated price of approximately £434,338.
13 Feb 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
121.5 | 148.6 | 22.349 % | £355,000 | £79,338 | £434,338 |
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 | 15.272 % | £54,215 | £409,215 |
3 Month Average | -11.388 % | £-40,428 | £314,571 |
6 Month Average | -1.764 % | £-6,263 | £348,736 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
10 Nov 2023 | £842,473 | £830,000 | 61 ARBOUR LANE |
10 Nov 2023 | £390,786 | £385,000 | 9 ARBOUR LANE |
15 Sep 2023 | £435,569 | £430,000 | 22 OLD COURT ARBOUR LANE |
6 Sep 2023 | £405,181 | £400,000 | 18 ARBOUR LANE |
1 Nov 2022 | £355,692 | £360,000 | 17 OLD COURT ARBOUR LANE |
This house has a floor area of 108 sq meters or 1,162 sq feet when measured on 31 Jul 2019. Using an estimated price of £434,339 means this house is valued at £4,021 per sq meter (£373 per sq foot).
The average size of a house on ARBOUR LANE is 79 sq meters (852 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Mar 2024 | Bicycle theft | Investigation complete; no suspect identified | On or near Randulph Terrace |
Mar 2024 | Bicycle theft | Investigation complete; no suspect identified | On or near Randulph Terrace |
Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near Theatre/Concert Hall |
Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Theatre/Concert Hall |
Mar 2024 | Violence and sexual offences | Under investigation | On or near Prison |