£264,428
This estimated value is based upon the latest sale price for the house of £234,000 on 17 May 2021. This value is then adjusted by the current Official House Price Index for ESSEX 1
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Waterhouse Business Centre, Cromar Way, Chelmsford, CM1 2QE
Phone: 01376816392
| Price Paid | Date |
|---|---|
| £234,000 | 17 May 2021 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 64 sq meters or 688 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 2021 the House Price Index for ESSEX was 131.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 13.004%.Applying this 13.004% change to the original purchase price of £234,000 results in an estimated price of approximately £264,428.
| 17 May 2021 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 131.5 | 148.6 | 13.004 % | £234,000 | £30,428 | £264,428 |
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 | 34.731 % | £81,271 | £315,271 |
| 3 Month Average | 3.545 % | £8,294 | £242,294 |
| 6 Month Average | -5.217 % | £-12,208 | £221,791 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Jan 2023 | £124,414 | £125,000 | 8 UPPER CHASE |
| 19 Aug 2022 | £107,710 | £108,000 | 49 UPPER CHASE |
| 2 Dec 2021 | £176,777 | £165,000 | 26 PEARCE MANOR |
| 21 Oct 2021 | £110,648 | £100,000 | 54 UPPER CHASE |
| 24 Sep 2021 | £145,475 | £135,000 | 21 UPPER CHASE |
This house has a floor area of 64 sq meters or 688 sq feet when measured on 14 Aug 2015. Using an estimated price of £264,429 means this house is valued at £4,131 per sq meter (£383 per sq foot).
The average size of a house on UPPER CHASE is 65 sq meters (705 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near Upper Chase |
| Mar 2024 | Public order | Under investigation | On or near Upper Chase |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Upper Chase |
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Upper Chase |
| Dec 2023 | Other theft | Investigation complete; no suspect identified | On or near Upper Chase |