£797,499
This estimated value is based upon the latest sale price for the house of £420,000 on 1 Oct 2004. 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 |
|---|---|
| £420,000 | 1 Oct 2004 |
| Detached |
| 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 October 2004 the House Price Index for ESSEX was 78.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 89.881%.Applying this 89.881% change to the original purchase price of £420,000 results in an estimated price of approximately £797,499.
| 1 Oct 2004 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 78.3 | 148.6 | 89.881 % | £420,000 | £377,499 | £797,499 |
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 | 31.611 % | £132,765 | £552,765 |
| 3 Month Average | 57.069 % | £239,690 | £659,690 |
| 6 Month Average | 73.910 % | £310,422 | £730,422 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Nov 2023 | £917,077 | £903,500 | 19 TYRELLS CLOSE |
| 12 Sep 2023 | £1,266,190 | £1,250,000 | 272 SPRINGFIELD ROAD |
| 29 Jun 2023 | £895,852 | £885,000 | 7C TYRELLS CLOSE |
| 14 Feb 2023 | £626,578 | £627,000 | 28 BISHOPS COURT GARDENS |
| 10 Jun 2022 | £486,881 | £480,000 | 7 KINGSTON AVENUE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Drugs | Local resolution | On or near Old School Field |
| Feb 2024 | Robbery | Under investigation | On or near Old School Field |