£359,126
This estimated value is based upon the latest sale price for the house of £64,000 on 3 May 1996. 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 |
---|---|
£64,000 | 3 May 1996 |
Semi-Detached |
Freehold |
Floor Area: 85 sq meters or 914 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 May 1996 the House Price Index for ESSEX was 26.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 461.136%.Applying this 461.136% change to the original purchase price of £64,000 results in an estimated price of approximately £359,126.
3 May 1996 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
26.5 | 148.6 | 461.136 % | £64,000 | £295,126 | £359,126 |
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 | 533.675 % | £341,551 | £405,551 |
3 Month Average | 430.272 % | £275,374 | £339,374 |
6 Month Average | 484.225 % | £309,903 | £373,903 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
14 Dec 2023 | £417,301 | £410,000 | 11 OSEA WAY |
13 Mar 2023 | £363,424 | £360,000 | 1 IRIS CLOSE |
17 Jan 2023 | £375,232 | £377,000 | 10 OSEA WAY |
8 Sep 2022 | £351,958 | £354,800 | 4 IRIS CLOSE |
6 May 2022 | £221,677 | £217,500 | 13 OASIS COURT |
This house has a floor area of 85 sq meters or 914 sq feet when measured on 17 Oct 2014. Using an estimated price of £359,127 means this house is valued at £4,225 per sq meter (£392 per sq foot).
The average size of a house on OSEA WAY is 99 sq meters (1,073 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near Cornflower Drive |
Mar 2024 | Robbery | Awaiting court outcome | On or near Honeysuckle Path |
Mar 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Supermarket |
Feb 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Supermarket |
Jan 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Supermarket |