£294,365
This estimated value is based upon the latest sale price for the house of £74,000 on 16 Dec 1999. 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 |
|---|---|
| £74,000 | 16 Dec 1999 |
| £65,000 | 16 Dec 1999 |
| Terraced |
| Freehold |
| Floor Area: 77 sq meters or 830 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 December 1999 the House Price Index for ESSEX was 36.9.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 297.791%.Applying this 297.791% change to the original purchase price of £74,000 results in an estimated price of approximately £294,365.
| 16 Dec 1999 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 36.9 | 146.7 | 297.791 % | £74,000 | £220,365 | £294,365 |
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 | 149.184 % | £110,395 | £184,395 |
| 3 Month Average | 260.298 % | £192,620 | £266,620 |
| 6 Month Average | 297.031 % | £219,802 | £293,802 |
This house has a floor area of 77 sq meters or 830 sq feet when measured on 17 Jul 2010.
The average size of a house on VICTORIA CRESCENT is 75 sq meters (810 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Victoria Crescent |
| Dec 2023 | Violence and sexual offences | Under investigation | On or near Victoria Crescent |
| Dec 2023 | Violence and sexual offences | Under investigation | On or near Victoria Crescent |
| Dec 2023 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Victoria Crescent |
| Feb 2024 | Drugs | Investigation complete; no suspect identified | On or near Bishop Road |