£196,009
This estimated value is based upon the latest sale price for the house of £150,000 on 27 Jan 2017. This value is then adjusted by the current Official House Price Index for ESSEX 1
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Suite 3, 8 Kingsdale Business Centre, Regina Road, Chelmsford, CM1 1PE
Phone: 01245378661
Price Paid | Date |
---|---|
£150,000 | 27 Jan 2017 |
Terraced |
Freehold |
Floor Area: 37 sq meters or 398 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 January 2017 the House Price Index for ESSEX was 113.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 30.673%.Applying this 30.673% change to the original purchase price of £150,000 results in an estimated price of approximately £196,009.
27 Jan 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
113.7 | 148.6 | 30.673 % | £150,000 | £46,009 | £196,009 |
The Postcode Pricing Model uses changes in average sales price within the CM2 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 | -6.767 % | £-10,150 | £139,849 |
3 Month Average | 13.335 % | £20,001 | £170,001 |
6 Month Average | 11.563 % | £17,343 | £167,343 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
6 Dec 2023 | £289,058 | £284,000 | 18 TRINITY ROAD |
25 Aug 2023 | £363,177 | £360,000 | 15 WEIGHT ROAD |
10 Aug 2023 | £575,031 | £570,000 | 26 WEIGHT ROAD |
23 Feb 2023 | £214,855 | £215,000 | 14 ABBOTTS PLACE |
30 Jan 2023 | £472,773 | £475,000 | 24 TRINITY ROAD |
This house has a floor area of 37 sq meters or 398 sq feet when measured on 1 Nov 2016. Using an estimated price of £196,009 means this house is valued at £5,297 per sq meter (£492 per sq foot).
The average size of a house on SPRINGFIELD ROAD is 80 sq meters (865 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Feb 2024 | Theft from the person | Investigation complete; no suspect identified | On or near Chelmer Place |
Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near Chelmer Place |
Mar 2024 | Anti-social behaviour | On or near Abbotts Place | |
Mar 2024 | Other crime | Unable to prosecute suspect | On or near Meadowside |
Mar 2024 | Violence and sexual offences | Awaiting court outcome | On or near Meadowside |