£341,594
This estimated value is based upon the latest sale price for the house of £280,000 on 29 Jun 2020. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £280,000 | 29 Jun 2020 |
| Detached |
| Freehold |
| Floor Area: 111 sq meters or 1,194 sq feet |
This model uses changes in the Official Land Registry House Price Index for WEST MIDLANDS to estimate the market value.
When this house was purchased in June 2020 the House Price Index for WEST MIDLANDS was 122.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 21.998%.Applying this 21.998% change to the original purchase price of £280,000 results in an estimated price of approximately £341,594.
| 29 Jun 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 122.7 | 149.7 | 21.998 % | £280,000 | £61,594 | £341,594 |
The Postcode Pricing Model uses changes in average sales price within the CV6 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 | -14.329 % | £-40,121 | £239,878 |
| 3 Month Average | 21.815 % | £61,082 | £341,082 |
| 6 Month Average | 24.665 % | £69,060 | £349,060 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 22 Feb 2023 | £201,345 | £200,000 | 35 OWENS ROAD |
| 28 Jan 2022 | £239,605 | £226,000 | 6 MIRPUR CLOSE |
| 25 Feb 2021 | £149,814 | £131,000 | APARTMENT 9 BROOKLYN HOUSE, 30 OWENS ROAD |
| 25 Feb 2021 | £150,958 | £132,000 | APARTMENT 20 BROOKLYN HOUSE, 30 OWENS ROAD |
| 25 Feb 2021 | £152,102 | £133,000 | APARTMENT 6 BROOKLYN HOUSE, 30 OWENS ROAD |
This house has a floor area of 111 sq meters or 1,194 sq feet when measured on 15 May 2020. Using an estimated price of £341,594 means this house is valued at £3,077 per sq meter (£285 per sq foot).
The average size of a house on CHELMSFORD DRIVE is 100 sq meters (1,085 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Chelmsford Drive |
| Sep 2024 | Other crime | Under investigation | On or near Chelmsford Drive |
| Aug 2024 | Anti-social behaviour | On or near Chelmsford Drive | |
| Aug 2024 | Drugs | Local resolution | On or near Chelmsford Drive |
| Aug 2024 | Anti-social behaviour | On or near Chelmsford Drive |