£249,664
This estimated value is based upon the latest sale price for the house of £140,000 on 1 Sep 2009. This value is then adjusted by the current Official House Price Index for ESSEX 1
There has been one burglary within the last year on or near Lichfield Close
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Coval Hall, Rainsford Road, Chelmsford, CM1 2QF
Phone: 01245845818
| Price Paid | Date |
|---|---|
| £140,000 | 1 Sep 2009 |
| £84,250 | 2 Feb 2001 |
| £54,000 | 30 Apr 1997 |
| Semi-Detached |
| Freehold |
| Floor Area: 50 sq meters or 544 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 2009 the House Price Index for ESSEX was 83.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 78.332%.Applying this 78.332% change to the original purchase price of £140,000 results in an estimated price of approximately £249,664.
| 1 Sep 2009 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 83.3 | 148.6 | 78.332 % | £140,000 | £109,664 | £249,664 |
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 | 8.369 % | £11,716 | £151,716 |
| 3 Month Average | 48.240 % | £67,536 | £207,536 |
| 6 Month Average | 70.194 % | £98,271 | £238,271 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 4 Aug 2023 | £302,648 | £300,000 | 169 KINGS ROAD |
| 12 Jun 2023 | £328,985 | £325,000 | 264 RAINSFORD ROAD |
| 30 May 2022 | £407,682 | £400,000 | 19 LICHFIELD CLOSE |
| 13 Apr 2022 | £469,588 | £456,000 | 254 RAINSFORD ROAD |
| 4 Mar 2022 | £440,411 | £425,000 | 240 RAINSFORD ROAD |
This house has a floor area of 50 sq meters or 544 sq feet when measured on 5 Feb 2009. Using an estimated price of £249,665 means this house is valued at £4,936 per sq meter (£458 per sq foot).
The average size of a house on KINGS ROAD is 77 sq meters (833 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Anti-social behaviour | On or near Lichfield Close | |
| Feb 2024 | Anti-social behaviour | On or near Lichfield Close | |
| Jan 2024 | Violence and sexual offences | Local resolution | On or near Lichfield Close |
| Jan 2024 | Burglary | Investigation complete; no suspect identified | On or near Lichfield Close |
| Dec 2023 | Criminal damage and arson | Unable to prosecute suspect | On or near Lichfield Close |