£217,026
This estimated value is based upon the latest sale price for the house of £124,995 on 1 Nov 2011. 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 |
|---|---|
| £124,995 | 1 Nov 2011 |
| £97,500 | 5 Jul 2002 |
| £70,000 | 25 Jan 2002 |
| £41,500 | 18 Apr 1997 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 54 sq meters or 581 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 2011 the House Price Index for ESSEX was 86.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 73.628%.Applying this 73.628% change to the original purchase price of £124,995 results in an estimated price of approximately £217,026.
| 1 Nov 2011 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.2 | 149.7 | 73.628 % | £124,995 | £92,031 | £217,026 |
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 | 51.141 % | £63,923 | £188,918 |
| 3 Month Average | 64.596 % | £80,742 | £205,737 |
| 6 Month Average | 66.787 % | £83,480 | £208,475 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 May 2024 | £230,000 | £230,000 | 85 WAVENEY DRIVE |
| 10 Aug 2023 | £212,839 | £209,000 | 53 WAVENEY DRIVE |
| 27 Mar 2023 | £185,091 | £182,000 | 42 TAMAR RISE |
| 2 Mar 2023 | £277,128 | £272,500 | 62 WAVENEY DRIVE |
| 28 Feb 2023 | £407,724 | £405,000 | 72 TAMAR RISE |
This house has a floor area of 54 sq meters or 581 sq feet when measured on 22 Oct 2021. Using an estimated price of £217,027 means this house is valued at £4,019 per sq meter (£373 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 | Violence and sexual offences | Unable to prosecute suspect | On or near Tamar Rise |
| Oct 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Tamar Rise |
| 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 |