£356,640
This estimated value is based upon the latest sale price for the house of £240,000 on 16 Jan 2015. 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 |
---|---|
£240,000 | 16 Jan 2015 |
£200,000 | 22 Jun 2012 |
£175,000 | 16 Jun 2006 |
£155,000 | 3 Nov 2003 |
Terraced |
Freehold |
Floor Area: 54 sq meters or 581 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 2015 the House Price Index for ESSEX was 100.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 48.600%.Applying this 48.600% change to the original purchase price of £240,000 results in an estimated price of approximately £356,640.
16 Jan 2015 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
100.0 | 148.6 | 48.600 % | £240,000 | £116,640 | £356,640 |
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 | -13.779 % | £-33,068 | £206,931 |
3 Month Average | 25.784 % | £61,882 | £301,882 |
6 Month Average | 39.027 % | £93,663 | £333,663 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
10 Nov 2023 | £390,786 | £385,000 | 9 ARBOUR LANE |
10 Nov 2023 | £842,473 | £830,000 | 61 ARBOUR LANE |
6 Sep 2023 | £405,181 | £400,000 | 18 ARBOUR LANE |
27 Jan 2023 | £517,562 | £520,000 | 23 TELFORD PLACE |
5 Aug 2022 | £433,832 | £435,000 | 12 REGENCY CLOSE |
This house has a floor area of 54 sq meters or 581 sq feet when measured on 14 Jul 2021. Using an estimated price of £356,640 means this house is valued at £6,604 per sq meter (£613 per sq foot).
The average size of a house on SPRINGFIELD ROAD is 138 sq meters (1,491 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Mar 2024 | Bicycle theft | Investigation complete; no suspect identified | On or near Randulph Terrace |
Mar 2024 | Bicycle theft | Investigation complete; no suspect identified | On or near Randulph Terrace |
Dec 2023 | Violence and sexual offences | Under investigation | On or near Randulph Terrace |
Dec 2023 | Possession of weapons | Awaiting court outcome | On or near Randulph Terrace |
Jan 2024 | Anti-social behaviour | On or near Brookhurst Close |