£276,266
This estimated value is based upon the latest sale price for the house of £51,000 on 1 Oct 1996. This value is then adjusted by the current Official House Price Index for ESSEX 1
Get our free house price tracker.
Imperial House, Cottage Place, Victoria Road, Chelmsford, CM1 1NY
Phone: 01245679863
| Price Paid | Date |
|---|---|
| £51,000 | 1 Oct 1996 |
| Terraced |
| Freehold |
| Floor Area: 79 sq meters or 850 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 October 1996 the House Price Index for ESSEX was 27.1.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 441.699%.Applying this 441.699% change to the original purchase price of £51,000 results in an estimated price of approximately £276,266.
| 1 Oct 1996 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 27.1 | 146.7 | 441.699 % | £51,000 | £225,266 | £276,266 |
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 | 293.629 % | £149,750 | £200,750 |
| 3 Month Average | 414.196 % | £211,240 | £262,240 |
| 6 Month Average | 473.017 % | £241,238 | £292,238 |
This house has a floor area of 79 sq meters or 850 sq feet when measured on 31 Jan 2018.
The average size of a house on BISHOP ROAD is 81 sq meters (881 sq feet).