£456,348
This estimated value is based upon the latest sale price for the house of £370,000 on 8 Jul 2019. This value is then adjusted by the current Official House Price Index for ESSEX 1
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Price Paid | Date |
---|---|
£370,000 | 8 Jul 2019 |
£215,000 | 16 Nov 2012 |
£109,000 | 9 Mar 2001 |
Semi-Detached |
Freehold |
Floor Area: 114 sq meters or 1,227 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 July 2019 the House Price Index for ESSEX was 120.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.337%.Applying this 23.337% change to the original purchase price of £370,000 results in an estimated price of approximately £456,348.
8 Jul 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
120.5 | 148.6 | 23.337 % | £370,000 | £86,348 | £456,348 |
The Postcode Pricing Model uses changes in average sales price within the CM8 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 | -4.898 % | £-18,122 | £351,877 |
3 Month Average | -21.299 % | £-78,807 | £291,192 |
6 Month Average | -4.060 % | £-15,022 | £354,977 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
5 Mar 2024 | £350,000 | £350,000 | 30 CROMWELL WAY |
21 Nov 2023 | £426,312 | £420,000 | 64 HIGHFIELDS ROAD |
25 Jul 2023 | £790,641 | £780,000 | 40 HIGHFIELDS ROAD |
26 Oct 2022 | £322,527 | £326,000 | 39 ARMOND ROAD |
23 Sep 2022 | £396,796 | £400,000 | 36 CROMWELL WAY |
This house has a floor area of 114 sq meters or 1,227 sq feet when measured on 8 Jun 2012. Using an estimated price of £456,349 means this house is valued at £4,003 per sq meter (£371 per sq foot).
The average size of a house on CHELMER ROAD is 83 sq meters (902 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Highfields Road |
Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Highfields Road |
Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Highfields Road |
Dec 2023 | Anti-social behaviour | On or near Highfields Road | |
Dec 2023 | Anti-social behaviour | On or near Highfields Road |