£350,184
This estimated value is based upon the latest sale price for the house of £345,000 on 8 Nov 2023. This value is then adjusted by the current Official House Price Index for ESSEX 1
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The Chestnut, 4 Stortford Road, Great Dunmow, CM6 1DA
Phone: 01371829035
| Price Paid | Date |
|---|---|
| £345,000 | 8 Nov 2023 |
| £277,000 | 7 Jun 2019 |
| £175,000 | 28 Nov 2016 |
| Terraced |
| Freehold |
| Floor Area: 61 sq meters or 656 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 November 2023 the House Price Index for ESSEX was 146.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 1.503%.Applying this 1.503% change to the original purchase price of £345,000 results in an estimated price of approximately £350,184.
| 8 Nov 2023 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.4 | 148.6 | 1.503 % | £345,000 | £5,184 | £350,184 |
The Postcode Pricing Model uses changes in average sales price within the CM6 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 | -21.572 % | £-74,424 | £270,575 |
| 3 Month Average | 5.142 % | £17,738 | £362,738 |
| 6 Month Average | 3.644 % | £12,570 | £357,570 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Nov 2023 | £350,184 | £345,000 | 18 THE DOWNS |
| 14 Sep 2023 | £222,849 | £220,000 | 27 THE DOWNS |
| 14 Jul 2023 | £225,535 | £222,500 | 130 GODFREY WAY |
| 13 Jul 2023 | £714,618 | £705,000 | GREEN CORNER THE DOWNS |
| 24 Mar 2023 | £600,659 | £595,000 | 10 BARLEY LANE |
This house has a floor area of 61 sq meters or 656 sq feet when measured on 5 Nov 2016. Using an estimated price of £350,184 means this house is valued at £5,740 per sq meter (£533 per sq foot).
The average size of a house on THE DOWNS is 127 sq meters (1,376 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Pondfield |
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Barley Lane |
| Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near North Street |
| Mar 2024 | Public order | Unable to prosecute suspect | On or near Coppice Close |
| Feb 2024 | Anti-social behaviour | On or near Star Lane |