£350,289
This estimated value is based upon the latest sale price for the house of £240,000 on 15 May 2015. This value is then adjusted by the current Official House Price Index for ESSEX 1
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Victoria House, Victoria Road, Chelmsford, CM1 1JR
Phone: 01255770654
| Price Paid | Date |
|---|---|
| £240,000 | 15 May 2015 |
| Terraced |
| Freehold |
| Floor Area: 78 sq meters or 839 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 May 2015 the House Price Index for ESSEX was 101.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 45.954%.Applying this 45.954% change to the original purchase price of £240,000 results in an estimated price of approximately £350,289.
| 15 May 2015 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 101.8 | 148.6 | 45.954 % | £240,000 | £110,289 | £350,289 |
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 | -19.030 % | £-45,672 | £194,327 |
| 3 Month Average | 26.786 % | £64,285 | £304,285 |
| 6 Month Average | 38.043 % | £91,303 | £331,303 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 4 Aug 2023 | £383,354 | £380,000 | 101 BISHOP ROAD |
| 30 Mar 2023 | £353,329 | £350,000 | 55 BISHOP ROAD |
| 11 Jan 2023 | £427,984 | £430,000 | 95 BISHOP ROAD |
| 23 Jun 2022 | £426,021 | £420,000 | 11 VICTORIA CRESCENT |
| 20 May 2022 | £397,490 | £390,000 | 78 MARCONI ROAD |
This house has a floor area of 78 sq meters or 839 sq feet when measured on 29 Jan 2015. Using an estimated price of £350,290 means this house is valued at £4,490 per sq meter (£417 per sq foot).
The average size of a house on BISHOP ROAD is 81 sq meters (881 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Drugs | Investigation complete; no suspect identified | On or near Bishop Road |
| Jan 2024 | Public order | Investigation complete; no suspect identified | On or near Bishop Road |
| Dec 2023 | Violence and sexual offences | Under investigation | On or near Bishop Road |
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Victoria Crescent |
| Dec 2023 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Victoria Crescent |