£371,500
This estimated value is based upon the latest sale price for the house of £250,000 on 15 Jan 2015. This value is then adjusted by the current Official House Price Index for ESSEX 1
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Waterhouse Business Centre, Cromar Way, Chelmsford, CM1 2QE
Phone: 01376816392
Price Paid | Date |
---|---|
£250,000 | 15 Jan 2015 |
Flats/Maisonettes |
Leasehold |
Floor Area: 83 sq meters or 893 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 January 2015 the House Price Index for ESSEX was 100.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 48.600%.Applying this 48.600% change to the original purchase price of £250,000 results in an estimated price of approximately £371,500.
15 Jan 2015 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
100.0 | 148.6 | 48.600 % | £250,000 | £121,500 | £371,500 |
The Postcode Pricing Model uses changes in average sales price within the CM2 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 | 0.417 % | £1,042 | £251,042 |
3 Month Average | 21.728 % | £54,320 | £304,320 |
6 Month Average | 34.361 % | £85,902 | £335,902 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
17 Feb 2023 | £316,787 | £317,000 | FLAT 3 KENWOOD HOUSE, 213 NEW LONDON ROAD |
12 Aug 2022 | £225,393 | £226,000 | 84 HAIG COURT |
15 Jul 2022 | £386,039 | £385,000 | 72 UPPER BRIDGE ROAD |
16 Jun 2022 | £262,205 | £258,500 | FLAT 4 KENWOOD HOUSE, 213 NEW LONDON ROAD |
6 Jun 2022 | £796,253 | £785,000 | 194 NEW LONDON ROAD |
This house has a floor area of 83 sq meters or 893 sq feet when measured on 19 Nov 2014. Using an estimated price of £371,500 means this house is valued at £4,475 per sq meter (£415 per sq foot).
The average size of a house on NEW LONDON ROAD is 89 sq meters (966 sq feet).