£435,435
This estimated value is based upon the latest sale price for the house of £320,000 on 31 Mar 2016. 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 |
|---|---|
| £320,000 | 31 Mar 2016 |
| £225,000 | 13 Jul 2007 |
| Terraced |
| Freehold |
| Floor Area: 102 sq meters or 1,097 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 March 2016 the House Price Index for ESSEX was 110.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 36.074%.Applying this 36.074% change to the original purchase price of £320,000 results in an estimated price of approximately £435,435.
| 31 Mar 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 110.0 | 149.7 | 36.074 % | £320,000 | £115,435 | £435,435 |
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 | 24.592 % | £78,693 | £398,693 |
| 3 Month Average | 22.389 % | £71,644 | £391,644 |
| 6 Month Average | 25.078 % | £80,248 | £400,248 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 Jun 2023 | £408,180 | £400,000 | 7 MEON CLOSE |
| 24 Mar 2023 | £610,190 | £600,000 | 17 LAWN LANE |
| 3 Mar 2023 | £183,057 | £180,000 | 86 MEON CLOSE |
| 11 Nov 2022 | £547,440 | £550,000 | 8 HUMBER ROAD |
| 5 Oct 2022 | £15,947 | £16,000 | GARAGE 61 MEON CLOSE |
This house has a floor area of 102 sq meters or 1,097 sq feet when measured on 4 Feb 2016. Using an estimated price of £435,436 means this house is valued at £4,268 per sq meter (£396 per sq foot).
The average size of a house on WAVENEY DRIVE is 84 sq meters (909 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Other crime | Under investigation | On or near Meon Close |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Meon Close |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Meon Close |
| Sep 2024 | Drugs | Awaiting court outcome | On or near Humber Road |
| Aug 2024 | Burglary | Investigation complete; no suspect identified | On or near Lawn Lane |