£233,721
This estimated value is based upon the latest sale price for the house of £175,000 on 17 Jun 2016. This value is then adjusted by the current Official House Price Index for ESSEX 1
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Imperial House, Cottage Place, Victoria Road, Chelmsford, CM1 1NY
Phone: 01245679863
| Price Paid | Date |
|---|---|
| £175,000 | 17 Jun 2016 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 71 sq meters or 764 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 June 2016 the House Price Index for ESSEX was 111.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 33.555%.Applying this 33.555% change to the original purchase price of £175,000 results in an estimated price of approximately £233,721.
| 17 Jun 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 111.3 | 148.6 | 33.555 % | £175,000 | £58,721 | £233,721 |
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 | 28.880 % | £50,539 | £225,539 |
| 3 Month Average | 6.598 % | £11,546 | £186,546 |
| 6 Month Average | 18.648 % | £32,633 | £207,633 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Jul 2023 | £321,325 | £317,000 | 122 WATSON HEIGHTS |
| 19 Jun 2023 | £242,943 | £240,000 | 52 WATSON HEIGHTS |
| 8 Feb 2023 | £239,839 | £240,000 | 18 WATSON HEIGHTS |
| 21 Dec 2021 | £246,952 | £230,500 | FLAT 1 ST MARKS HOUSE COTTAGE PLACE |
| 16 Dec 2021 | £273,201 | £255,000 | FLAT 9 ST MARKS HOUSE COTTAGE PLACE |
This house has a floor area of 71 sq meters or 764 sq feet when measured on 11 Mar 2016. Using an estimated price of £233,721 means this house is valued at £3,291 per sq meter (£305 per sq foot).
The average size of a house on VICTORIA ROAD is 58 sq meters (634 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Public order | Investigation complete; no suspect identified | On or near Cottage Place |
| Jan 2024 | Anti-social behaviour | On or near Cottage Place | |
| Jan 2024 | Anti-social behaviour | On or near Cottage Place | |
| Jan 2024 | Anti-social behaviour | On or near Cottage Place | |
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Watson Heights |