£792,497
This estimated value is based upon the latest sale price for the house of £142,500 on 30 Apr 1996. 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 |
---|---|
£142,500 | 30 Apr 1996 |
Detached |
Freehold |
Floor Area: 150 sq meters or 1,614 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 1996 the House Price Index for ESSEX was 26.4.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 456.139%.Applying this 456.139% change to the original purchase price of £142,500 results in an estimated price of approximately £792,497.
30 Apr 1996 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
26.4 | 146.7 | 456.139 % | £142,500 | £649,997 | £792,497 |
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 | 284.880 % | £405,953 | £548,453 |
3 Month Average | 462.633 % | £659,252 | £801,752 |
6 Month Average | 499.163 % | £711,307 | £853,807 |
This house has a floor area of 150 sq meters or 1,614 sq feet when measured on 22 Nov 2021.
There is one other house on the street which we know the size of, this is 5 MACE WALK it is 140.5
Date | Crime | Outcome | Where |
---|---|---|---|
Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Richardson Place |