£517,079
This estimated value is based upon the latest sale price for the house of £380,000 on 14 Mar 2016. This value is then adjusted by the current Official House Price Index for ESSEX 1
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Elizabeth House, 28 Baddow Road, Chelmsford, CM2 0DG
Phone: 01245845575
| Price Paid | Date |
|---|---|
| £380,000 | 14 Mar 2016 |
| £325,000 | 28 Apr 2011 |
| Detached |
| Freehold |
| Floor Area: 143 sq meters or 1,545 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 March 2016 the House Price Index for ESSEX was 110.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 36.074%.Applying this 36.074% change to the original purchase price of £380,000 results in an estimated price of approximately £517,079.
| 14 Mar 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 110.0 | 149.7 | 36.074 % | £380,000 | £137,079 | £517,079 |
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 | 55.353 % | £210,341 | £590,341 |
| 3 Month Average | 36.407 % | £138,345 | £518,345 |
| 6 Month Average | 31.050 % | £117,989 | £497,989 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 May 2024 | £290,000 | £290,000 | 190 DORSET AVENUE |
| 4 Apr 2024 | £476,135 | £472,000 | 26 PEARL SQUARE |
| 18 Dec 2023 | £263,084 | £255,000 | 48 MONTFORT DRIVE |
| 1 Nov 2023 | £338,595 | £330,000 | 130 DORSET AVENUE |
| 5 Oct 2023 | £260,926 | £255,000 | 41 MONTFORT DRIVE |
This house has a floor area of 143 sq meters or 1,545 sq feet when measured on 22 Nov 2010. Using an estimated price of £517,080 means this house is valued at £3,602 per sq meter (£334 per sq foot).
The average size of a house on PEARL SQUARE is 94 sq meters (1,011 sq feet).