£558,279
This estimated value is based upon the latest sale price for the house of £110,000 on 15 Aug 1997. 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 |
|---|---|
| £110,000 | 15 Aug 1997 |
| 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 August 1997 the House Price Index for ESSEX was 29.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 407.526%.Applying this 407.526% change to the original purchase price of £110,000 results in an estimated price of approximately £558,279.
| 15 Aug 1997 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 29.5 | 149.7 | 407.526 % | £110,000 | £448,279 | £558,279 |
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 | 512.539 % | £563,792 | £673,792 |
| 3 Month Average | 428.214 % | £471,034 | £581,034 |
| 6 Month Average | 415.983 % | £457,580 | £567,580 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 12 Dec 2023 | £412,681 | £400,000 | 57 FALMOUTH ROAD |
| 8 Dec 2023 | £237,291 | £230,000 | 365A SPRINGFIELD ROAD |
| 4 Dec 2023 | £399,269 | £387,000 | 322 SPRINGFIELD ROAD |
| 9 Oct 2023 | £570,968 | £558,000 | 328 SPRINGFIELD ROAD |
| 25 Aug 2023 | £565,194 | £555,000 | 8 ALL SAINTS CLOSE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Other theft | Under investigation | On or near All Saints Close |
| Jun 2024 | Other theft | Investigation complete; no suspect identified | On or near All Saints Close |
| Jun 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near All Saints Close |
| Aug 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Oxford Court |
| Aug 2024 | Robbery | Under investigation | On or near Peel Road |