£314,552
This estimated value is based upon the latest sale price for the house of £172,000 on 22 Dec 2008. This value is then adjusted by the current Official House Price Index for ESSEX 1
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Coval Hall, Rainsford Road, Chelmsford, CM1 2QF
Phone: 01245845818
| Price Paid | Date |
|---|---|
| £172,000 | 22 Dec 2008 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 63 sq meters or 678 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 2008 the House Price Index for ESSEX was 81.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 82.879%.Applying this 82.879% change to the original purchase price of £172,000 results in an estimated price of approximately £314,552.
| 22 Dec 2008 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 81.9 | 149.7 | 82.879 % | £172,000 | £142,552 | £314,552 |
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 | 132.624 % | £228,112 | £400,112 |
| 3 Month Average | 111.957 % | £192,565 | £364,565 |
| 6 Month Average | 89.153 % | £153,342 | £325,342 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 9 Aug 2023 | £249,500 | £245,000 | FLAT 29 WELLS CRESCENT MARCONI PLAZA |
| 24 Sep 2021 | £341,954 | £315,000 | FLAT 1 WELLS CRESCENT MARCONI PLAZA |
| 12 Jun 2020 | £256,196 | £210,000 | FLAT 40 WELLS CRESCENT MARCONI PLAZA |
| 12 Dec 2019 | £247,169 | £200,000 | FLAT 51 WELLS CRESCENT MARCONI PLAZA |
| 8 Nov 2019 | £222,394 | £180,000 | FLAT 23 WELLS CRESCENT MARCONI PLAZA |
This house has a floor area of 63 sq meters or 678 sq feet when measured on 23 Jan 2019. Using an estimated price of £314,552 means this house is valued at £4,992 per sq meter (£463 per sq foot).
The average size of a house on MARCONI PLAZA is 72 sq meters (782 sq feet).