£262,088
This estimated value is based upon the latest sale price for the house of £203,674 on 12 May 2017. This value is then adjusted by the current Official House Price Index for ESSEX 1
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Victoria House, Victoria Road, Chelmsford, CM1 1JR
Phone: 01255770654
Price Paid | Date |
---|---|
£203,674 | 12 May 2017 |
Terraced |
Leasehold |
Floor Area: 132 sq meters or 1,420 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 May 2017 the House Price Index for ESSEX was 115.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 28.680%.Applying this 28.680% change to the original purchase price of £203,674 results in an estimated price of approximately £262,088.
12 May 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
115.5 | 148.6 | 28.680 % | £203,674 | £58,414 | £262,088 |
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 | 17.216 % | £35,064 | £238,738 |
3 Month Average | 0.368 % | £749 | £204,423 |
6 Month Average | 13.442 % | £27,377 | £231,051 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
15 Nov 2023 | £122,565 | £120,750 | 17 WATERHOUSE COURT BURGESS SPRINGS |
17 Mar 2023 | £5,048 | £5,000 | ANNE KNIGHT BUILDING DUKE STREET |
19 Nov 2021 | £383,937 | £355,000 | 34 WATERHOUSE COURT BURGESS SPRINGS |
29 Sep 2021 | £92,404 | £85,750 | 15 WATERHOUSE COURT BURGESS SPRINGS |
10 Sep 2021 | £105,604 | £98,000 | 42 NEWCOMBE COURT BURGESS SPRINGS |
This house has a floor area of 132 sq meters or 1,420 sq feet when measured on 26 Aug 2015. Using an estimated price of £262,088 means this house is valued at £1,985 per sq meter (£184 per sq foot).
The average size of a house on CANNON MEWS is 101 sq meters (1,091 sq feet).