£288,289
This estimated value is based upon the latest sale price for the house of £85,000 on 28 Jun 2001. 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 |
---|---|
£85,000 | 28 Jun 2001 |
£66,995 | 26 Oct 1999 |
£52,000 | 29 Apr 1998 |
£37,400 | 3 Mar 1995 |
Flats/Maisonettes |
Leasehold |
Floor Area: 60 sq meters or 645 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 June 2001 the House Price Index for ESSEX was 43.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 239.164%.Applying this 239.164% change to the original purchase price of £85,000 results in an estimated price of approximately £288,289.
28 Jun 2001 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
43.8 | 148.6 | 239.164 % | £85,000 | £203,289 | £288,289 |
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 | 239.676 % | £203,724 | £288,724 |
3 Month Average | 171.943 % | £146,151 | £231,151 |
6 Month Average | 218.740 % | £185,928 | £270,928 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
15 Sep 2023 | £443,166 | £437,500 | 50 HARDY CLOSE |
5 Apr 2023 | £197,121 | £194,999 | 28 COVAL LANE |
31 Mar 2023 | £211,997 | £210,000 | FLAT 8 6A BROOMFIELD ROAD |
6 Oct 2022 | £227,550 | £230,000 | 70 COVAL LANE |
1 Sep 2022 | £247,005 | £249,000 | 9 LESLEY COURT RAINSFORD ROAD |
This house has a floor area of 60 sq meters or 645 sq feet when measured on 30 Oct 2019. Using an estimated price of £288,290 means this house is valued at £4,804 per sq meter (£446 per sq foot).
The average size of a house on COVAL LANE is 74 sq meters (805 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jan 2024 | Criminal damage and arson | Awaiting court outcome | On or near Theatre/Concert Hall |
Jan 2024 | Criminal damage and arson | Awaiting court outcome | On or near Theatre/Concert Hall |
Jan 2024 | Possession of weapons | Awaiting court outcome | On or near Theatre/Concert Hall |
Jan 2024 | Violence and sexual offences | Under investigation | On or near Theatre/Concert Hall |
Mar 2024 | Vehicle crime | Under investigation | On or near Coval Lane |