£384,135
This estimated value is based upon the latest sale price for the house of £290,000 on 25 Oct 2016. 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 |
|---|---|
| £290,000 | 25 Oct 2016 |
| £69,000 | 7 Aug 1998 |
| £45,500 | 29 Feb 1996 |
| Terraced |
| Freehold |
| Floor Area: 101 sq meters or 1,087 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 2016 the House Price Index for ESSEX was 112.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 32.461%.Applying this 32.461% change to the original purchase price of £290,000 results in an estimated price of approximately £384,135.
| 25 Oct 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 112.2 | 148.6 | 32.461 % | £290,000 | £94,135 | £384,135 |
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 | 29.366 % | £85,160 | £375,160 |
| 3 Month Average | 4.673 % | £13,552 | £303,552 |
| 6 Month Average | 12.335 % | £35,771 | £325,771 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 Jun 2023 | £404,905 | £400,000 | 7 MEON CLOSE |
| 30 Jun 2023 | £217,636 | £215,000 | 73 TAMAR RISE |
| 31 Mar 2023 | £196,855 | £195,000 | 63 TAMAR RISE |
| 27 Mar 2023 | £183,731 | £182,000 | 42 TAMAR RISE |
| 3 Mar 2023 | £181,712 | £180,000 | 86 MEON CLOSE |
This house has a floor area of 101 sq meters or 1,087 sq feet when measured on 21 Mar 2016. Using an estimated price of £384,136 means this house is valued at £3,803 per sq meter (£353 per sq foot).
The average size of a house on MEON CLOSE is 90 sq meters (976 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Meon Close |
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Tamar Rise |
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Tamar Rise |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Tamar Rise |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Tamar Rise |