£325,881
This estimated value is based upon the latest sale price for the house of £226,400 on 16 Jul 2015. This value is then adjusted by the current Official House Price Index for ESSEX 1
Get our free house price tracker.
Victoria House, Victoria Road, Chelmsford, CM1 1JR
Phone: 01255770654
| Price Paid | Date |
|---|---|
| £226,400 | 16 Jul 2015 |
| Terraced |
| Freehold |
| Floor Area: 50 sq meters or 538 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 July 2015 the House Price Index for ESSEX was 103.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 43.941%.Applying this 43.941% change to the original purchase price of £226,400 results in an estimated price of approximately £325,881.
| 16 Jul 2015 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 103.2 | 148.6 | 43.941 % | £226,400 | £99,481 | £325,881 |
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 | 35.951 % | £81,393 | £307,793 |
| 3 Month Average | 12.418 % | £28,115 | £254,515 |
| 6 Month Average | 28.724 % | £65,030 | £291,430 |
| 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 50 sq meters or 538 sq feet when measured on 4 Sep 2020. Using an estimated price of £325,882 means this house is valued at £6,517 per sq meter (£605 per sq foot).
The average size of a house on STEAMER TERRACE is 69 sq meters (751 sq feet).