£212,838
This estimated value is based upon the latest sale price for the house of £209,000 on 10 Aug 2023. 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 |
|---|---|
| £209,000 | 10 Aug 2023 |
| £100,000 | 26 Mar 2008 |
| £45,500 | 11 Feb 1997 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 55 sq meters or 594 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 2023 the House Price Index for ESSEX was 147.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 1.837%.Applying this 1.837% change to the original purchase price of £209,000 results in an estimated price of approximately £212,838.
| 10 Aug 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 147.0 | 149.7 | 1.837 % | £209,000 | £3,838 | £212,838 |
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 | 14.760 % | £30,848 | £239,848 |
| 3 Month Average | -1.640 % | £-3,428 | £205,571 |
| 6 Month Average | 0.722 % | £1,509 | £210,509 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 May 2024 | £230,000 | £230,000 | 85 WAVENEY DRIVE |
| 24 Nov 2023 | £549,960 | £536,000 | 9 ARUN CLOSE |
| 10 Aug 2023 | £212,839 | £209,000 | 53 WAVENEY DRIVE |
| 4 Aug 2023 | £386,980 | £380,000 | 9 TEES ROAD |
| 20 Mar 2023 | £233,906 | £230,000 | 2 TEES ROAD |
This house has a floor area of 55 sq meters or 594 sq feet when measured on 11 May 2010. Using an estimated price of £212,839 means this house is valued at £3,855 per sq meter (£358 per sq foot).
The average size of a house on WAVENEY DRIVE is 84 sq meters (909 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Tamar Rise |
| Oct 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Tamar Rise |
| Oct 2024 | Other crime | Under investigation | On or near Meon Close |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Meon Close |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Meon Close |