£401,559
This estimated value is based upon the latest sale price for the house of £71,500 on 5 Jul 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 |
|---|---|
| £71,500 | 5 Jul 1996 |
| Terraced |
| Freehold |
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 1996 the House Price Index for ESSEX was 26.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 461.621%.Applying this 461.621% change to the original purchase price of £71,500 results in an estimated price of approximately £401,559.
| 5 Jul 1996 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 26.7 | 149.7 | 461.621 % | £71,500 | £330,059 | £401,559 |
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 | 583.006 % | £416,849 | £488,349 |
| 3 Month Average | 513.581 % | £367,210 | £438,710 |
| 6 Month Average | 506.505 % | £362,150 | £433,650 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 25 Mar 2024 | £265,073 | £261,000 | FLAT 7 SANDFORD COURT SANDFORD ROAD |
| 10 Nov 2023 | £395,027 | £385,000 | 9 ARBOUR LANE |
| 10 Nov 2023 | £851,618 | £830,000 | 61 ARBOUR LANE |
| 6 Sep 2023 | £409,016 | £400,000 | 18 ARBOUR LANE |
| 5 Aug 2022 | £437,044 | £435,000 | 12 REGENCY CLOSE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Regency Close |
| Sep 2024 | Anti-social behaviour | On or near Lionfield Terrace | |
| Jun 2024 | Drugs | Local resolution | On or near Lionfield Terrace |
| Sep 2024 | Other crime | Under investigation | On or near Prison |
| Sep 2024 | Other crime | Under investigation | On or near Prison |