£547,440
This estimated value is based upon the latest sale price for the house of £550,000 on 11 Nov 2022. 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 |
|---|---|
| £550,000 | 11 Nov 2022 |
| Detached |
| Freehold |
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 November 2022 the House Price Index for ESSEX was 150.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of -0.465%.Applying this -0.465% change to the original purchase price of £550,000 results in an estimated price of approximately £547,440.
| 11 Nov 2022 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 150.4 | 149.7 | -0.465 % | £550,000 | £-2,559 | £547,440 |
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 | -14.452 % | £-79,483 | £470,516 |
| 3 Month Average | -12.711 % | £-69,913 | £480,086 |
| 6 Month Average | -5.567 % | £-30,618 | £519,381 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 Oct 2024 | £572,000 | £572,000 | 38 HUMBER ROAD |
| 24 Nov 2023 | £436,069 | £425,000 | 4 ORFORD CRESCENT |
| 27 Mar 2023 | £427,133 | £420,000 | 36 ORFORD CRESCENT |
| 24 Mar 2023 | £610,190 | £600,000 | 17 LAWN LANE |
| 11 Nov 2022 | £547,440 | £550,000 | 8 HUMBER ROAD |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Drugs | Awaiting court outcome | On or near Humber Road |
| 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 |
| Sep 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Boyne Drive |