£815,997
This estimated value is based upon the latest sale price for the house of £545,000 on 27 Nov 2014. This value is then adjusted by the current Official House Price Index for ESSEX 1
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Coval Hall, Rainsford Road, Chelmsford, CM1 2QF
Phone: 01245845818
| Price Paid | Date |
|---|---|
| £545,000 | 27 Nov 2014 |
| £385,000 | 19 Apr 2007 |
| £229,995 | 7 Jul 2000 |
| £148,450 | 30 Sep 1996 |
| Detached |
| Freehold |
| Floor Area: 135 sq meters or 1,453 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 November 2014 the House Price Index for ESSEX was 99.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 49.724%.Applying this 49.724% change to the original purchase price of £545,000 results in an estimated price of approximately £815,997.
| 27 Nov 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 99.2 | 148.6 | 49.724 % | £545,000 | £270,997 | £815,997 |
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 | -11.007 % | £-59,987 | £485,012 |
| 3 Month Average | 19.653 % | £107,109 | £652,109 |
| 6 Month Average | 43.197 % | £235,422 | £780,422 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Aug 2023 | £479,192 | £475,000 | HUNTROYDE RAINSFORD ROAD |
| 21 Jul 2023 | £326,900 | £322,500 | 160 RAINSFORD ROAD |
| 16 Nov 2021 | £730,022 | £675,000 | 5 RIDDIFORD DRIVE |
| 20 Aug 2021 | £423,934 | £380,000 | 8 PARK AVENUE |
| 20 Aug 2021 | £429,512 | £385,000 | 38 PARK AVENUE |
This house has a floor area of 135 sq meters or 1,453 sq feet when measured on 20 Aug 2014. Using an estimated price of £815,997 means this house is valued at £6,044 per sq meter (£561 per sq foot).
The average size of a house on RICHARDSON PLACE is 162 sq meters (1,744 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Richardson Place |