£348,062
This estimated value is based upon the latest sale price for the house of £323,000 on 9 Sep 2021. This value is then adjusted by the current Official House Price Index for ESSEX 1
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4 Torquay Road, Chelmsford, CM1 6NF
Phone: 01245378576
Price Paid | Date |
---|---|
£323,000 | 9 Sep 2021 |
£179,995 | 15 Mar 2006 |
£126,950 | 9 Aug 2002 |
£73,500 | 2 Jul 1999 |
£55,000 | 20 Oct 1995 |
Semi-Detached |
Freehold |
Floor Area: 51 sq meters or 548 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 September 2021 the House Price Index for ESSEX was 137.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 7.759%.Applying this 7.759% change to the original purchase price of £323,000 results in an estimated price of approximately £348,062.
9 Sep 2021 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
137.9 | 148.6 | 7.759 % | £323,000 | £25,062 | £348,062 |
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 | 11.780 % | £38,047 | £361,047 |
3 Month Average | -1.345 % | £-4,343 | £318,656 |
6 Month Average | -5.982 % | £-19,323 | £303,676 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
12 Dec 2023 | £508,904 | £500,000 | 37 REMBRANDT GROVE |
13 Sep 2023 | £303,885 | £300,000 | 15 BONINGTON CHASE |
11 Sep 2023 | £331,235 | £327,000 | 25 REMBRANDT GROVE |
25 Jul 2023 | £354,775 | £350,000 | 17 BONINGTON CHASE |
16 Jan 2023 | £437,937 | £440,000 | 16 BONINGTON CHASE |
This house has a floor area of 51 sq meters or 548 sq feet when measured on 14 Sep 2020. Using an estimated price of £348,062 means this house is valued at £6,824 per sq meter (£634 per sq foot).
The average size of a house on REMBRANDT GROVE is 61 sq meters (666 sq feet).