£261,763
This estimated value is based upon the latest sale price for the house of £46,500 on 19 May 1995. This value is then adjusted by the current Official House Price Index for ESSEX 1
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Imperial House, Cottage Place, Victoria Road, Chelmsford, CM1 1NY
Phone: 01245679863
Price Paid | Date |
---|---|
£46,500 | 19 May 1995 |
Terraced |
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 May 1995 the House Price Index for ESSEX was 26.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 462.931%.Applying this 462.931% change to the original purchase price of £46,500 results in an estimated price of approximately £261,763.
19 May 1995 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
26.4 | 148.6 | 462.931 % | £46,500 | £215,263 | £261,763 |
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 | 606.435 % | £281,992 | £328,492 |
3 Month Average | 457.092 % | £212,547 | £259,047 |
6 Month Average | 503.485 % | £234,120 | £280,620 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
21 Sep 2023 | £511,541 | £505,000 | 50 MARCONI ROAD |
30 Mar 2023 | £353,329 | £350,000 | 55 BISHOP ROAD |
17 Mar 2023 | £237,235 | £235,000 | 52 DUNN SIDE |
20 May 2022 | £397,490 | £390,000 | 78 MARCONI ROAD |
14 Jun 2021 | £332,607 | £310,000 | 98 BISHOP ROAD |
Date | Crime | Outcome | Where |
---|---|---|---|
Mar 2024 | Public order | Under investigation | On or near Marconi Road |
Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Marconi Road |
Feb 2024 | Criminal damage and arson | Under investigation | On or near Marconi Road |
Feb 2024 | Other theft | Investigation complete; no suspect identified | On or near Marconi Road |