£188,750
This estimated value is based upon the latest sale price for the house of £117,600 on 3 Dec 2013. 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 |
---|---|
£117,600 | 3 Dec 2013 |
£117,000 | 22 Oct 2010 |
£122,500 | 30 Jun 2006 |
£45,500 | 15 Apr 1999 |
Flats/Maisonettes |
Leasehold |
Floor Area: 28 sq meters or 302 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 December 2013 the House Price Index for ESSEX was 92.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 60.502%.Applying this 60.502% change to the original purchase price of £117,600 results in an estimated price of approximately £188,750.
3 Dec 2013 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
92.6 | 148.6 | 60.502 % | £117,600 | £71,150 | £188,750 |
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 | 39.636 % | £46,612 | £164,212 |
3 Month Average | 46.996 % | £55,267 | £172,867 |
6 Month Average | 51.365 % | £60,405 | £178,005 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
25 Aug 2023 | £176,544 | £175,000 | 168 REDMAYNE DRIVE |
10 Mar 2023 | £127,198 | £126,000 | 212 REDMAYNE DRIVE |
25 Feb 2022 | £157,304 | £150,000 | 152 REDMAYNE DRIVE |
21 Oct 2021 | £171,504 | £155,000 | 47 REDMAYNE DRIVE |
27 Nov 2020 | £347,806 | £300,000 | 120 REDMAYNE DRIVE |
This house has a floor area of 28 sq meters or 302 sq feet when measured on 12 Jul 2010. Using an estimated price of £188,750 means this house is valued at £6,714 per sq meter (£623 per sq foot).
The average size of a house on REDMAYNE DRIVE is 54 sq meters (589 sq feet).
This house is the smallest in the street with a floor area of 28 sq meters (302 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Mead Path |
Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Redmayne Drive |
Feb 2024 | Other theft | Unable to prosecute suspect | On or near Redmayne Drive |
Jan 2024 | Public order | Unable to prosecute suspect | On or near Redmayne Drive |
Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Redmayne Drive |