£499,961
This estimated value is based upon the latest sale price for the house of £275,000 on 6 Aug 2009. 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 |
|---|---|
| £275,000 | 6 Aug 2009 |
| £241,000 | 6 Apr 2005 |
| Detached |
| Freehold |
| Floor Area: 88 sq meters or 951 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 2009 the House Price Index for ESSEX was 82.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 81.804%.Applying this 81.804% change to the original purchase price of £275,000 results in an estimated price of approximately £499,961.
| 6 Aug 2009 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 82.3 | 149.7 | 81.804 % | £275,000 | £224,961 | £499,961 |
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 | 63.502 % | £174,629 | £449,629 |
| 3 Month Average | 64.306 % | £176,842 | £451,842 |
| 6 Month Average | 69.306 % | £190,591 | £465,591 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Dec 2023 | £340,462 | £330,000 | 11 KNAPTON CLOSE |
| 17 Aug 2023 | £417,531 | £410,000 | 1 KNAPTON CLOSE |
| 30 Jun 2023 | £428,589 | £420,000 | 12 GAIGER CLOSE |
| 17 Jan 2023 | £350,938 | £350,000 | 10 KNAPTON CLOSE |
| 10 Jan 2023 | £423,632 | £422,500 | 11 NORTH DELL |
This house has a floor area of 88 sq meters or 951 sq feet when measured on 18 May 2009. Using an estimated price of £499,962 means this house is valued at £5,655 per sq meter (£525 per sq foot).
The average size of a house on WALKERS CLOSE is 107 sq meters (1,152 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Walkers Close |
| Sep 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Walkers Close |
| Sep 2024 | Anti-social behaviour | On or near Gaiger Close | |
| Sep 2024 | Anti-social behaviour | On or near Gaiger Close | |
| Jul 2024 | Anti-social behaviour | On or near Briarswood |