£212,004
This estimated value is based upon the latest sale price for the house of £140,000 on 1 Aug 2014. 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 |
|---|---|
| £140,000 | 1 Aug 2014 |
| Semi-Detached |
| Freehold |
| Floor Area: 73 sq meters or 785 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 August 2014 the House Price Index for ESSEX was 98.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 51.432%.Applying this 51.432% change to the original purchase price of £140,000 results in an estimated price of approximately £212,004.
| 1 Aug 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 98.1 | 148.6 | 51.432 % | £140,000 | £72,004 | £212,004 |
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 | -27.263 % | £-38,168 | £101,831 |
| 3 Month Average | 29.978 % | £41,969 | £181,969 |
| 6 Month Average | 46.363 % | £64,908 | £204,908 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Dec 2023 | £432,569 | £425,000 | 113 FALMOUTH ROAD |
| 29 Aug 2023 | £398,486 | £395,000 | 20 REDRUTH CLOSE |
| 31 Jul 2023 | £435,866 | £430,000 | 4 REDRUTH CLOSE |
| 17 Jan 2023 | £437,937 | £440,000 | 3 PLYMOUTH ROAD |
| 5 Aug 2022 | £463,752 | £465,000 | 8 GREAT COB |
This house has a floor area of 73 sq meters or 785 sq feet when measured on 9 Jun 2014. Using an estimated price of £212,005 means this house is valued at £2,904 per sq meter (£269 per sq foot).
The average size of a house on FALMOUTH ROAD is 103 sq meters (1,112 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Redruth Close |
| Feb 2024 | Violence and sexual offences | Further action is not in the public interest | On or near Redruth Close |
| Dec 2023 | Anti-social behaviour | On or near Redruth Close | |
| Dec 2023 | Anti-social behaviour | On or near Redruth Close | |
| Dec 2023 | Anti-social behaviour | On or near Redruth Close |