£371,231
This estimated value is based upon the latest sale price for the house of £346,000 on 28 Jun 2021. 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 |
|---|---|
| £346,000 | 28 Jun 2021 |
| £318,000 | 26 Oct 2018 |
| £250,500 | 28 Aug 2015 |
| £190,000 | 2 Mar 2012 |
| £178,500 | 7 Jun 2004 |
| £116,500 | 29 Oct 2001 |
| Terraced |
| Freehold |
| Floor Area: 68 sq meters or 738 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 2021 the House Price Index for ESSEX was 138.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 7.292%.Applying this 7.292% change to the original purchase price of £346,000 results in an estimated price of approximately £371,231.
| 28 Jun 2021 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 138.5 | 148.6 | 7.292 % | £346,000 | £25,231 | £371,231 |
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 | -8.268 % | £-28,605 | £317,394 |
| 3 Month Average | -25.996 % | £-89,947 | £256,052 |
| 6 Month Average | -20.136 % | £-69,671 | £276,328 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Dec 2023 | £376,589 | £370,000 | 1 STEAMER TERRACE |
| 2 Jun 2023 | £260,151 | £257,000 | 5 TOWNFIELD STREET |
| 13 Apr 2023 | £924,959 | £915,000 | RADIO HOUSE, 31 GLEBE ROAD |
| 25 Jan 2023 | £338,406 | £340,000 | 5A STEAMER TERRACE |
| 28 Nov 2022 | £222,307 | £225,000 | FLAT 7 16 GLEBE ROAD |
This house has a floor area of 68 sq meters or 738 sq feet when measured on 21 Jul 2011. Using an estimated price of £371,232 means this house is valued at £5,411 per sq meter (£502 per sq foot).
The average size of a house on STEAMER TERRACE is 69 sq meters (751 sq feet).