£448,994
This estimated value is based upon the latest sale price for the house of £425,000 on 3 Feb 2022. This value is then adjusted by the current Official House Price Index for ESSEX 1
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Coval Hall, Rainsford Road, Chelmsford, CM1 2QF
Phone: 01245845818
| Price Paid | Date |
|---|---|
| £425,000 | 3 Feb 2022 |
| £279,995 | 7 Oct 2014 |
| £195,000 | 22 May 2009 |
| Semi-Detached |
| Freehold |
| Floor Area: 89 sq meters or 957 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 February 2022 the House Price Index for ESSEX was 141.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 5.646%.Applying this 5.646% change to the original purchase price of £425,000 results in an estimated price of approximately £448,994.
| 3 Feb 2022 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 141.7 | 149.7 | 5.646 % | £425,000 | £23,994 | £448,994 |
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 | -11.379 % | £-48,360 | £376,639 |
| 3 Month Average | -0.260 % | £-1,106 | £423,893 |
| 6 Month Average | -1.587 % | £-6,746 | £418,253 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Aug 2024 | £395,000 | £395,000 | 38 CHESTNUT WALK |
| 19 Apr 2024 | £375,259 | £372,000 | 40 CHESTNUT WALK |
| 12 Apr 2024 | £529,599 | £525,000 | 17 POTTERY LANE |
| 30 Oct 2023 | £347,902 | £340,000 | 54 TOWN CROFT |
| 25 Oct 2023 | £334,599 | £327,000 | 28 TOWN CROFT |
This house has a floor area of 89 sq meters or 957 sq feet when measured on 30 Apr 2014. Using an estimated price of £448,994 means this house is valued at £5,044 per sq meter (£468 per sq foot).
The average size of a house on BORDA CLOSE 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 Borda Close |
| Sep 2024 | Burglary | Under investigation | On or near Town Croft |