£1,601,978
This estimated value is based upon the latest sale price for the house of £1,300,000 on 24 Apr 2018. This value is then adjusted by the current Official House Price Index for ESSEX 1
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4 Torquay Road, Chelmsford, CM1 6NF
Phone: 01245378576
| Price Paid | Date |
|---|---|
| £1,300,000 | 24 Apr 2018 |
| Detached |
| Freehold |
| Floor Area: 221 sq meters or 2,378 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 April 2018 the House Price Index for ESSEX was 119.0.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 23.229%.Applying this 23.229% change to the original purchase price of £1,300,000 results in an estimated price of approximately £1,601,978.
| 24 Apr 2018 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 119.0 | 146.7 | 23.229 % | £1,300,000 | £301,978 | £1,601,978 |
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
| Change % | Change £ | Estimated Price | |
| 1 Month Average | -10.754 % | £-139,802 | £1,160,197 |
| 3 Month Average | 8.163 % | £106,114 | £1,406,114 |
| 6 Month Average | 9.957 % | £129,446 | £1,429,446 |
This house has a floor area of 221 sq meters or 2,378 sq feet when measured on 6 Nov 2017.
The average size of a house on SPRINGFIELD ROAD is 80 sq meters (865 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Vehicle crime | Investigation complete; no suspect identified | On or near Coppins Close |
| Mar 2024 | Drugs | Local resolution | On or near Old School Field |
| Feb 2024 | Robbery | Under investigation | On or near Old School Field |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near All Saints Close |
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near All Saints Close |