£677,976
This estimated value is based upon the latest sale price for the house of £410,000 on 29 Aug 2013. 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 |
|---|---|
| £410,000 | 29 Aug 2013 |
| £239,000 | 3 May 2002 |
| Detached |
| Freehold |
| Floor Area: 130 sq meters or 1,399 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 August 2013 the House Price Index for ESSEX was 89.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 65.360%.Applying this 65.360% change to the original purchase price of £410,000 results in an estimated price of approximately £677,976.
| 29 Aug 2013 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 89.9 | 148.6 | 65.360 % | £410,000 | £267,976 | £677,976 |
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 | 57.669 % | £236,442 | £646,442 |
| 3 Month Average | 33.505 % | £137,368 | £547,368 |
| 6 Month Average | 52.199 % | £214,017 | £624,017 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 12 Dec 2023 | £407,123 | £400,000 | 57 FALMOUTH ROAD |
| 29 Aug 2023 | £398,486 | £395,000 | 20 REDRUTH CLOSE |
| 14 Aug 2023 | £469,104 | £465,000 | 50 FALMOUTH ROAD |
| 31 Jul 2023 | £435,866 | £430,000 | 4 REDRUTH CLOSE |
| 15 Jun 2023 | £359,353 | £355,000 | 28 WALLASEA GARDENS |
This house has a floor area of 130 sq meters or 1,399 sq feet when measured on 26 Apr 2012. Using an estimated price of £677,976 means this house is valued at £5,215 per sq meter (£484 per sq foot).
The average size of a house on FALMOUTH ROAD is 103 sq meters (1,112 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Criminal damage and arson | Under investigation | On or near Wallasea Gardens |
| Apr 2024 | Burglary | Investigation complete; no suspect identified | On or near Supermarket |
| Apr 2024 | Other theft | Under investigation | On or near Supermarket |
| Apr 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Supermarket |
| Mar 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Supermarket |