£1,040,588
This estimated value is based upon the latest sale price for the house of £900,000 on 3 Dec 2020. This value is then adjusted by the current Official House Price Index for ESSEX 1
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Coval Hall, Rainsford Road, Chelmsford, CM1 2QF
Phone: 01245845818
| Price Paid | Date |
|---|---|
| £900,000 | 3 Dec 2020 |
| £135,000 | 15 Sep 1995 |
| Detached |
| Freehold |
| Floor Area: 191 sq meters or 2,055 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 December 2020 the House Price Index for ESSEX was 129.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 15.621%.Applying this 15.621% change to the original purchase price of £900,000 results in an estimated price of approximately £1,040,588.
| 3 Dec 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 129.5 | 149.7 | 15.621 % | £900,000 | £140,588 | £1,040,588 |
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 | -8.892 % | £-80,030 | £819,969 |
| 3 Month Average | -1.978 % | £-17,798 | £882,201 |
| 6 Month Average | -6.380 % | £-57,417 | £842,582 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Jul 2024 | £305,420 | £305,420 | 16 WARWICK SQUARE |
| 6 Mar 2024 | £330,071 | £325,000 | 26B TOWER AVENUE |
| 13 Dec 2023 | £510,693 | £495,000 | 23 TOWER AVENUE |
| 9 Nov 2023 | £595,106 | £580,000 | 9 PARK AVENUE |
| 30 Oct 2023 | £711,152 | £695,000 | 14 RICHARDSON PLACE |
This house has a floor area of 191 sq meters or 2,055 sq feet when measured on 12 Jul 2018. Using an estimated price of £1,040,588 means this house is valued at £5,448 per sq meter (£506 per sq foot).
The average size of a house on PARK AVENUE is 103 sq meters (1,116 sq feet).
This house is the largest in the street with a floor area of 191 sq meters (2,055 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Other theft | Under investigation | On or near Park Avenue |
| Oct 2024 | Burglary | Under investigation | On or near Richardson Place |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Warwick Square |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Warwick Square |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Warwick Square |