£397,601
This estimated value is based upon the latest sale price for the house of £320,000 on 2 Jul 2019. 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 |
|---|---|
| £320,000 | 2 Jul 2019 |
| Terraced |
| Freehold |
| Floor Area: 93 sq meters or 1,001 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 July 2019 the House Price Index for ESSEX was 120.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.250%.Applying this 24.250% change to the original purchase price of £320,000 results in an estimated price of approximately £397,601.
| 2 Jul 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.5 | 149.7 | 24.250 % | £320,000 | £77,601 | £397,601 |
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 | 13.571 % | £43,428 | £363,428 |
| 3 Month Average | 5.740 % | £18,369 | £338,369 |
| 6 Month Average | 2.791 % | £8,932 | £328,932 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 13 Oct 2023 | £378,599 | £370,000 | 42 WEAR DRIVE |
| 30 Jun 2023 | £408,180 | £400,000 | 7 MEON CLOSE |
| 3 Mar 2023 | £183,057 | £180,000 | 86 MEON CLOSE |
| 5 Oct 2022 | £15,947 | £16,000 | GARAGE 61 MEON CLOSE |
| 18 Mar 2022 | £360,157 | £345,000 | 13 WEAR DRIVE |
This house has a floor area of 93 sq meters or 1,001 sq feet when measured on 13 Feb 2019. Using an estimated price of £397,601 means this house is valued at £4,275 per sq meter (£397 per sq foot).
The average size of a house on MEON CLOSE is 90 sq meters (976 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 | Other crime | Under investigation | On or near Meon Close |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Meon Close |