£609,095
This estimated value is based upon the latest sale price for the house of £270,000 on 3 Oct 2003. This value is then adjusted by the current Official House Price Index for ESSEX 1
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Waterhouse Business Centre, Cromar Way, Chelmsford, CM1 2QE
Phone: 01376816392
| Price Paid | Date |
|---|---|
| £270,000 | 3 Oct 2003 |
| Terraced |
| Freehold |
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 October 2003 the House Price Index for ESSEX was 66.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 125.591%.Applying this 125.591% change to the original purchase price of £270,000 results in an estimated price of approximately £609,095.
| 3 Oct 2003 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 66.4 | 149.7 | 125.591 % | £270,000 | £339,095 | £609,095 |
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 | 128.748 % | £347,619 | £617,619 |
| 3 Month Average | 113.942 % | £307,643 | £577,643 |
| 6 Month Average | 108.992 % | £294,278 | £564,278 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 4 Oct 2023 | £199,532 | £195,000 | 129 PARKINSON DRIVE |
| 27 Sep 2022 | £499,666 | £500,000 | 149 PARKINSON DRIVE |
| 20 May 2022 | £220,751 | £215,000 | 167 PARKINSON DRIVE |
| 24 Mar 2022 | £214,006 | £205,000 | 183 PARKINSON DRIVE |
| 2 Feb 2022 | £475,406 | £450,000 | 185 PARKINSON DRIVE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Parkinson Drive |
| Aug 2024 | Bicycle theft | Investigation complete; no suspect identified | On or near Parkinson Drive |