£259,453
This estimated value is based upon the latest sale price for the house of £209,995 on 22 Nov 2019. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £209,995 | 22 Nov 2019 |
| Terraced |
| Freehold |
| Floor Area: 84 sq meters or 904 sq feet |
This model uses changes in the Official Land Registry House Price Index for WEST MIDLANDS to estimate the market value.
When this house was purchased in November 2019 the House Price Index for WEST MIDLANDS was 121.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 23.552%.Applying this 23.552% change to the original purchase price of £209,995 results in an estimated price of approximately £259,453.
| 22 Nov 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.2 | 149.7 | 23.552 % | £209,995 | £49,458 | £259,453 |
The Postcode Pricing Model uses changes in average sales price within the CV6 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 | 33.063 % | £69,430 | £279,425 |
| 3 Month Average | 13.158 % | £27,631 | £237,626 |
| 6 Month Average | 13.201 % | £27,721 | £237,716 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Dec 2023 | £206,340 | £200,000 | 9 PARAGON WAY |
| 22 Feb 2023 | £201,345 | £200,000 | 35 OWENS ROAD |
| 28 Jan 2022 | £239,605 | £226,000 | 6 MIRPUR CLOSE |
| 17 Dec 2020 | £248,585 | £215,000 | 27 CHELMSFORD DRIVE |
| 19 Nov 2020 | £335,197 | £287,000 | 40 CHELMSFORD DRIVE |
This house has a floor area of 84 sq meters or 904 sq feet when measured on 4 Nov 2019. Using an estimated price of £259,454 means this house is valued at £3,088 per sq meter (£286 per sq foot).
The average size of a house on CHELMSFORD DRIVE is 100 sq meters (1,085 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Chelmsford Drive |
| Sep 2024 | Other crime | Under investigation | On or near Chelmsford Drive |
| Aug 2024 | Drugs | Local resolution | On or near Chelmsford Drive |
| Aug 2024 | Anti-social behaviour | On or near Chelmsford Drive | |
| Aug 2024 | Anti-social behaviour | On or near Chelmsford Drive |