£424,824
This estimated value is based upon the latest sale price for the house of £227,000 on 4 Feb 2005. This value is then adjusted by the current Official House Price Index for ESSEX 1
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Suite 1G, Widford Business Centre, 33 Robjohns Road, Chelmsford, CM1 3AG
Phone: 01277576821
| Price Paid | Date |
|---|---|
| £227,000 | 4 Feb 2005 |
| Detached |
| Freehold |
| Floor Area: 100 sq meters or 1,076 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 February 2005 the House Price Index for ESSEX was 79.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 87.147%.Applying this 87.147% change to the original purchase price of £227,000 results in an estimated price of approximately £424,824.
| 4 Feb 2005 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 79.4 | 148.6 | 87.147 % | £227,000 | £197,824 | £424,824 |
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 | 39.072 % | £88,693 | £315,693 |
| 3 Month Average | 73.577 % | £167,020 | £394,020 |
| 6 Month Average | 87.445 % | £198,499 | £425,499 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 23 Jun 2023 | £551,683 | £545,000 | 82 LONGACRE |
| 31 Oct 2022 | £667,810 | £675,000 | 139 WRITTLE ROAD |
| 15 Jul 2022 | £421,134 | £420,000 | 62 LONGACRE |
| 25 Feb 2022 | £692,138 | £660,000 | 114 WRITTLE ROAD |
| 7 Jan 2022 | £517,785 | £492,000 | 49 LONGACRE |
This house has a floor area of 100 sq meters or 1,076 sq feet when measured on 7 Aug 2012. Using an estimated price of £424,825 means this house is valued at £4,248 per sq meter (£394 per sq foot).
The average size of a house on LONGACRE is 122 sq meters (1,320 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Parking Area |
| Feb 2024 | Anti-social behaviour | On or near Parking Area | |
| Feb 2024 | Anti-social behaviour | On or near Parking Area | |
| Mar 2024 | Burglary | Under investigation | On or near Sports/Recreation Area |
| Feb 2024 | Anti-social behaviour | On or near Milburn Crescent |