£674,567
This estimated value is based upon the latest sale price for the house of £625,000 on 10 Dec 2021. 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 |
|---|---|
| £625,000 | 10 Dec 2021 |
| £310,000 | 13 Jan 2004 |
| £310,000 | 13 Jan 2004 |
| £147,000 | 16 May 1997 |
| Detached |
| Freehold |
| Floor Area: 129 sq meters or 1,388 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 2021 the House Price Index for ESSEX was 138.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 7.931%.Applying this 7.931% change to the original purchase price of £625,000 results in an estimated price of approximately £674,567.
| 10 Dec 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 138.7 | 149.7 | 7.931 % | £625,000 | £49,567 | £674,567 |
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 | 72.292 % | £451,823 | £1,076,823 |
| 3 Month Average | 10.295 % | £64,346 | £689,346 |
| 6 Month Average | 5.905 % | £36,906 | £661,906 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 19 Oct 2023 | £381,668 | £373,000 | 163 WAVENEY DRIVE |
| 13 Oct 2023 | £378,599 | £370,000 | 42 WEAR DRIVE |
| 6 Oct 2023 | £388,831 | £380,000 | 12 DOWNSWAY |
| 10 Mar 2023 | £373,233 | £367,000 | 170 WAVENEY DRIVE |
| 18 Mar 2022 | £360,157 | £345,000 | 13 WEAR DRIVE |
This house has a floor area of 129 sq meters or 1,388 sq feet when measured on 9 Jun 2021. Using an estimated price of £674,567 means this house is valued at £5,229 per sq meter (£485 per sq foot).
The average size of a house on LAWN LANE is 108 sq meters (1,165 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Boyne Drive |
| Jul 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Boyne Drive |
| Aug 2024 | Burglary | Investigation complete; no suspect identified | On or near Lawn Lane |
| Oct 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Swans Pasture |
| Aug 2024 | Burglary | Under investigation | On or near Swans Pasture |