£178,332
This estimated value is based upon the latest sale price for the house of £32,500 on 1 Oct 1996. This value is then adjusted by the current Official House Price Index for ESSEX 1
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Suite 3, 8 Kingsdale Business Centre, Regina Road, Chelmsford, CM1 1PE
Phone: 01245378661
| Price Paid | Date |
|---|---|
| £32,500 | 1 Oct 1996 |
| Terraced |
| Freehold |
| Floor Area: 67 sq meters or 721 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 October 1996 the House Price Index for ESSEX was 27.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 448.715%.Applying this 448.715% change to the original purchase price of £32,500 results in an estimated price of approximately £178,332.
| 1 Oct 1996 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 27.1 | 148.6 | 448.715 % | £32,500 | £145,832 | £178,332 |
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 | 326.606 % | £106,146 | £138,646 |
| 3 Month Average | 390.924 % | £127,050 | £159,550 |
| 6 Month Average | 453.093 % | £147,255 | £179,755 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 Mar 2023 | £183,731 | £182,000 | 15 SANDRINGHAM PLACE |
| 16 Feb 2023 | £259,825 | £260,000 | 18 COATES QUAY |
| 4 Nov 2022 | £391,261 | £396,000 | 43 NAVIGATION ROAD |
| 12 Aug 2022 | £254,315 | £255,000 | 3 COATES QUAY |
| 5 Aug 2022 | £269,774 | £270,500 | 38 BOSWELLS DRIVE |
This house has a floor area of 67 sq meters or 721 sq feet when measured on 28 Apr 2020. Using an estimated price of £178,332 means this house is valued at £2,661 per sq meter (£247 per sq foot).
The average size of a house on NAVIGATION ROAD is 73 sq meters (790 sq feet).