£408,247
This estimated value is based upon the latest sale price for the house of £127,500 on 5 Oct 2001. This value is then adjusted by the current Official House Price Index for ESSEX 1
There has been one burglary within the last year on or near Priory Close
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Waterhouse Business Centre, Cromar Way, Chelmsford, CM1 2QE
Phone: 01376816392
| Price Paid | Date |
|---|---|
| £127,500 | 5 Oct 2001 |
| £35,000 | 18 Jan 2001 |
| Semi-Detached |
| Freehold |
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 October 2001 the House Price Index for ESSEX was 45.8.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 220.194%.Applying this 220.194% change to the original purchase price of £127,500 results in an estimated price of approximately £408,247.
| 5 Oct 2001 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 45.8 | 146.7 | 220.194 % | £127,500 | £280,747 | £408,247 |
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 | 92.930 % | £118,485 | £245,985 |
| 3 Month Average | 160.842 % | £205,073 | £332,573 |
| 6 Month Average | 195.313 % | £249,024 | £376,524 |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Burglary | Investigation complete; no suspect identified | On or near Priory Close |
| Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Ravensbourne Drive |
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Dane Road |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Canuden Road |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near St Peter'S Road |