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 2015 the House Price Index for ESSEX was 107.4.

The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 36.632%.

Applying this 36.632% change to the original purchase price of £405,000 results in an estimated price of approximately £553,358.

The Postcode Pricing Model uses changes in average sales price within the CM2 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

CHENG 2019 LTD

12 Abell Way Springfield Chelmsford England CM2 6WU

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SNICKY SNACKY SNOO LIMITED

8 Abell Way Springfield Chelmsford England CM2 6WU

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SMART TECH CONSULTANCY LTD

37 Abell Way Chancellor Park Chelmsford Essex England CM2 6WU

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GLOBAL HEALTHCARE ANALYTICS LTD

14 Abell Way Springfield Chelmsford Essex United Kingdom CM2 6WU

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POSEDAY PROPERTY SOLUTIONS LIMITED

14 Abell Way, Springfield Springfield Chelmsford Essex United Kingdom CM2 6WU

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