£777,895
This estimated value is based upon the latest sale price for the house of £631,250 on 2 Oct 2018. This value is then adjusted by the current Official House Price Index for ESSEX 1
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74 Moulsham Street, Chelmsford, CM2 0JA
Phone: 01245409103
| Price Paid | Date |
|---|---|
| £631,250 | 2 Oct 2018 |
| £299,995 | 3 Jun 2005 |
| Detached |
| Freehold |
| Floor Area: 169 sq meters or 1,819 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 October 2018 the House Price Index for ESSEX was 120.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.231%.Applying this 23.231% change to the original purchase price of £631,250 results in an estimated price of approximately £777,895.
| 2 Oct 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.6 | 148.6 | 23.231 % | £631,250 | £146,645 | £777,895 |
The Postcode Pricing Model uses changes in average sales price within the CM2 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 | 1.298 % | £8,192 | £639,442 |
| 3 Month Average | 0.716 % | £4,516 | £635,766 |
| 6 Month Average | 9.977 % | £62,976 | £694,226 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Sep 2023 | £749,584 | £740,000 | 11 GORDON ROAD |
| 10 Aug 2023 | £406,052 | £402,500 | 38 ALDER DRIVE |
| 8 Aug 2023 | £807,060 | £800,000 | 45 LONGSTOMPS AVENUE |
| 30 Mar 2023 | £403,804 | £400,000 | 30 GLOUCESTER AVENUE |
| 16 Mar 2023 | £474,470 | £470,000 | 9 ALDER DRIVE |
This house has a floor area of 169 sq meters or 1,819 sq feet when measured on 12 Jul 2018. Using an estimated price of £777,895 means this house is valued at £4,602 per sq meter (£427 per sq foot).
The average size of a house on GLOUCESTER AVENUE is 93 sq meters (1,005 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Gordon Road |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Gordon Road |
| Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Gordon Road |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Longstomps Avenue |
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Heath Drive |