£377,576
This estimated value is based upon the latest sale price for the house of £300,000 on 3 Jul 2017. This value is then adjusted by the current Official House Price Index for ESSEX 1
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Waterhouse Business Centre, Cromar Way, Chelmsford, CM1 2QE
Phone: 01376816392
| Price Paid | Date |
|---|---|
| £300,000 | 3 Jul 2017 |
| Semi-Detached |
| Freehold |
| Floor Area: 92 sq meters or 990 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 July 2017 the House Price Index for ESSEX was 116.6.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 25.859%.Applying this 25.859% change to the original purchase price of £300,000 results in an estimated price of approximately £377,576.
| 3 Jul 2017 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 116.6 | 146.7 | 25.859 % | £300,000 | £77,576 | £377,576 |
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 | -29.390 % | £-88,168 | £211,831 |
| 3 Month Average | -1.448 % | £-4,343 | £295,656 |
| 6 Month Average | 13.037 % | £39,109 | £339,109 |
This house has a floor area of 92 sq meters or 990 sq feet when measured on 6 Jan 2017.
The average size of a house on BENEDICT DRIVE is 114 sq meters (1,231 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Anti-social behaviour | On or near Benedict Drive | |
| Feb 2024 | Anti-social behaviour | On or near Benedict Drive | |
| Feb 2024 | Anti-social behaviour | On or near Benedict Drive | |
| Jan 2024 | Burglary | Investigation complete; no suspect identified | On or near Hawkhurst Close |
| Jan 2024 | Burglary | Under investigation | On or near Hawkhurst Close |