£277,509
This estimated value is based upon the latest sale price for the house of £215,000 on 1 Jun 2017. This value is then adjusted by the current Official House Price Index for ESSEX 1
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4 Torquay Road, Chelmsford, CM1 6NF
Phone: 01245378576
| Price Paid | Date |
|---|---|
| £215,000 | 1 Jun 2017 |
| Terraced |
| Freehold |
| Floor Area: 48 sq meters or 516 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 June 2017 the House Price Index for ESSEX was 116.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 29.074%.Applying this 29.074% change to the original purchase price of £215,000 results in an estimated price of approximately £277,509.
| 1 Jun 2017 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 116.0 | 149.7 | 29.074 % | £215,000 | £62,509 | £277,509 |
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 | 14.851 % | £31,929 | £246,929 |
| 3 Month Average | 16.693 % | £35,888 | £250,888 |
| 6 Month Average | 15.257 % | £32,801 | £247,801 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 Jun 2023 | £428,589 | £420,000 | 12 GAIGER CLOSE |
| 22 Mar 2023 | £347,808 | £342,000 | 23 MOUNTBATTEN WAY |
| 27 Jan 2023 | £200,536 | £200,000 | 118 TRENCHARD CRESCENT |
| 10 Jan 2023 | £423,632 | £422,500 | 11 NORTH DELL |
| 27 Jul 2022 | £419,200 | £415,000 | 14 NORTH DELL |
This house has a floor area of 48 sq meters or 516 sq feet when measured on 23 Mar 2017. Using an estimated price of £277,509 means this house is valued at £5,781 per sq meter (£537 per sq foot).
The average size of a house on MOUNTBATTEN WAY is 68 sq meters (741 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Anti-social behaviour | On or near Gaiger Close | |
| Sep 2024 | Anti-social behaviour | On or near Gaiger Close | |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Knapton Close |
| Sep 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Knapton Close |
| Aug 2024 | Violence and sexual offences | Under investigation | On or near Mountbatten Way |