£156,126
This estimated value is based upon the latest sale price for the house of £129,250 on 21 Aug 2020. 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 |
---|---|
£129,250 | 21 Aug 2020 |
£129,250 | 21 Aug 2020 |
Flats/Maisonettes |
Leasehold |
Floor Area: 48 sq meters or 516 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 2020 the House Price Index for ESSEX was 123.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 20.794%.Applying this 20.794% change to the original purchase price of £129,250 results in an estimated price of approximately £156,126.
21 Aug 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
123.9 | 149.7 | 20.794 % | £129,250 | £26,876 | £156,126 |
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 | 8.026 % | £10,373 | £139,623 |
3 Month Average | 10.030 % | £12,963 | £142,213 |
6 Month Average | 11.718 % | £15,145 | £144,395 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
15 Nov 2023 | £123,895 | £120,750 | 17 WATERHOUSE COURT BURGESS SPRINGS |
23 Sep 2022 | £377,748 | £378,000 | UNIT 2 NORMAN COURT BURGESS SPRINGS |
22 Oct 2021 | £15,048 | £13,500 | 47 VIADUCT ROAD |
29 Sep 2021 | £93,088 | £85,750 | 15 WATERHOUSE COURT BURGESS SPRINGS |
10 Sep 2021 | £106,386 | £98,000 | 42 NEWCOMBE COURT BURGESS SPRINGS |
This house has a floor area of 48 sq meters or 516 sq feet when measured on 28 Mar 2018. Using an estimated price of £156,127 means this house is valued at £3,252 per sq meter (£302 per sq foot).
The average size of a house on BURGESS SPRINGS is 65 sq meters (703 sq feet).