£227,018
This estimated value is based upon the latest sale price for the house of £187,500 on 29 Nov 2019. This value is then adjusted by the current Official House Price Index for ESSEX 1
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Waterhouse Business Centre, Cromar Way, Chelmsford, CM1 2QE
Phone: 01376816392
| Price Paid | Date |
|---|---|
| £187,500 | 29 Nov 2019 |
| £82,000 | 10 Apr 2002 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 40 sq meters or 430 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 November 2019 the House Price Index for ESSEX was 121.2.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 21.076%.Applying this 21.076% change to the original purchase price of £187,500 results in an estimated price of approximately £227,018.
| 29 Nov 2019 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.2 | 146.7 | 21.076 % | £187,500 | £39,518 | £227,018 |
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 | 5.035 % | £9,441 | £196,941 |
| 3 Month Average | 3.686 % | £6,910 | £194,410 |
| 6 Month Average | 7.914 % | £14,839 | £202,339 |
This house has a floor area of 40 sq meters or 430 sq feet when measured on 20 Jul 2019.
The average size of a house on MEAD PATH is 43 sq meters (470 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Mead Path |
| Feb 2024 | Other theft | Unable to prosecute suspect | On or near Redmayne Drive |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Redmayne Drive |
| Jan 2024 | Public order | Unable to prosecute suspect | On or near Redmayne Drive |
| Dec 2023 | Public order | Unable to prosecute suspect | On or near Redmayne Drive |