£423,124
This estimated value is based upon the latest sale price for the house of £245,000 on 27 May 2011. 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 |
---|---|
£245,000 | 27 May 2011 |
£232,000 | 31 Jul 2009 |
£211,000 | 20 Jun 2003 |
Terraced |
Freehold |
Floor Area: 122 sq meters or 1,313 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 May 2011 the House Price Index for ESSEX was 86.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 72.704%.Applying this 72.704% change to the original purchase price of £245,000 results in an estimated price of approximately £423,124.
27 May 2011 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
86.0 | 148.6 | 72.704 % | £245,000 | £178,124 | £423,124 |
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 | 3.832 % | £9,389 | £254,389 |
3 Month Average | 52.747 % | £129,230 | £374,230 |
6 Month Average | 67.369 % | £165,053 | £410,053 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
11 Dec 2023 | £213,740 | £210,000 | 9 PARKINSON DRIVE |
10 Aug 2023 | £196,721 | £195,000 | 64 CROMPTON STREET |
28 Jul 2023 | £557,503 | £550,000 | 87 PARKINSON DRIVE |
31 Mar 2023 | £171,617 | £170,000 | 78 CROMPTON STREET |
17 Jun 2022 | £527,454 | £520,000 | 43 PARKINSON DRIVE |
This house has a floor area of 122 sq meters or 1,313 sq feet when measured on 23 Jun 2015. Using an estimated price of £423,124 means this house is valued at £3,468 per sq meter (£322 per sq foot).
The average size of a house on PARKINSON DRIVE is 70 sq meters (761 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Feb 2024 | Anti-social behaviour | On or near Evelyn Place | |
Feb 2024 | Anti-social behaviour | On or near Evelyn Place | |
Feb 2024 | Violence and sexual offences | Under investigation | On or near Evelyn Place |
Jan 2024 | Drugs | Local resolution | On or near Evelyn Place |
Dec 2023 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Evelyn Place |