£219,897
This estimated value is based upon the latest sale price for the house of £46,500 on 25 Sep 1998. 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 |
---|---|
£46,500 | 25 Sep 1998 |
Flats/Maisonettes |
Leasehold |
Floor Area: 35 sq meters or 376 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 September 1998 the House Price Index for ESSEX was 21.4.
The House Price Index as of 1 Dec 2024 is 101.2 which is a change of 372.897%.Applying this 372.897% change to the original purchase price of £46,500 results in an estimated price of approximately £219,897.
25 Sep 1998 | 1 Dec 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
21.4 | 101.2 | 372.897 % | £46,500 | £173,397 | £219,897 |
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 | 330.190 % | £153,538 | £200,038 |
3 Month Average | 349.472 % | £162,504 | £209,004 |
6 Month Average | 365.532 % | £169,972 | £216,472 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
29 Nov 2024 | £206,612 | £206,000 | 188 REDMAYNE DRIVE |
1 Nov 2024 | £178,028 | £177,500 | 16 MEAD PATH |
5 May 2023 | £205,691 | £200,000 | 65 REDMAYNE DRIVE |
3 May 2023 | £149,126 | £145,000 | 156 REDMAYNE DRIVE |
8 Jul 2022 | £178,889 | £175,000 | 142 REDMAYNE DRIVE |
This house has a floor area of 35 sq meters or 376 sq feet when measured on 27 Nov 2012. Using an estimated price of £219,897 means this house is valued at £6,282 per sq meter (£583 per sq foot).
The average size of a house on MEAD PATH is 43 sq meters (470 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Oct 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Mead Path |
Jan 2025 | Drugs | Under investigation | On or near Laurel Grove |
Jan 2025 | Public order | Investigation complete; no suspect identified | On or near Laurel Grove |
Nov 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Laurel Grove |
Oct 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Clarence Mews |