£681,443
This estimated value is based upon the latest sale price for the house of £450,000 on 15 Aug 2014. 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 |
|---|---|
| £450,000 | 15 Aug 2014 |
| £233,000 | 15 Jun 2001 |
| Detached |
| Freehold |
| Floor Area: 118 sq meters or 1,270 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 August 2014 the House Price Index for ESSEX was 98.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 51.432%.Applying this 51.432% change to the original purchase price of £450,000 results in an estimated price of approximately £681,443.
| 15 Aug 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 98.1 | 148.6 | 51.432 % | £450,000 | £231,443 | £681,443 |
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 | 21.850 % | £98,324 | £548,324 |
| 3 Month Average | 24.350 % | £109,575 | £559,575 |
| 6 Month Average | 41.961 % | £188,823 | £638,823 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 16 Nov 2023 | £436,462 | £430,000 | 18 HILLARY CLOSE |
| 6 Sep 2023 | £769,843 | £760,000 | 168 ARBOUR LANE |
| 24 Feb 2023 | £408,225 | £408,500 | 91 ARBOUR LANE |
| 14 Feb 2023 | £474,681 | £475,000 | 105 ARBOUR LANE |
| 27 Jan 2023 | £423,007 | £425,000 | 142 ARBOUR LANE |
This house has a floor area of 118 sq meters or 1,270 sq feet when measured on 9 Feb 2011. Using an estimated price of £681,443 means this house is valued at £5,773 per sq meter (£536 per sq foot).
There is one other house on the street which we know the size of, this is 2 ACER GROVE it is 104.0
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Public order | Unable to prosecute suspect | On or near Acer Grove |
| Jan 2024 | Public order | Investigation complete; no suspect identified | On or near Mulberry Way |
| Jan 2024 | Theft from the person | Investigation complete; no suspect identified | On or near Orford Crescent |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Telford Place |