£223,741
This estimated value is based upon the latest sale price for the house of £221,500 on 22 Jul 2022. This value is then adjusted by the current Official House Price Index for ESSEX 1
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43 New London Road, Chelmsford, CM2 0ND
Phone: 01245845971
| Price Paid | Date |
|---|---|
| £221,500 | 22 Jul 2022 |
| £224,995 | 10 Feb 2016 |
| Flats/Maisonettes |
| Leasehold |
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 2022 the House Price Index for ESSEX was 148.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 1.012%.Applying this 1.012% change to the original purchase price of £221,500 results in an estimated price of approximately £223,741.
| 22 Jul 2022 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 148.2 | 149.7 | 1.012 % | £221,500 | £2,241 | £223,741 |
The Postcode Pricing Model uses changes in average sales price within the CM2 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 | 25.912 % | £57,394 | £278,894 |
| 3 Month Average | -2.528 % | £-5,598 | £215,901 |
| 6 Month Average | -3.702 % | £-8,200 | £213,299 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 27 Oct 2023 | £317,204 | £310,000 | FLAT 28 GEMINI HOUSE, 90 NEW LONDON ROAD |
| 2 Jun 2023 | £556,145 | £545,000 | 62 NEW LONDON ROAD |
| 6 Feb 2023 | £528,531 | £525,000 | 70 - 72 NEW LONDON ROAD |
| 20 Sep 2022 | £224,850 | £225,000 | FLAT 24 GEMINI HOUSE, 90 NEW LONDON ROAD |
| 18 Aug 2022 | £316,480 | £315,000 | FLAT 32 GEMINI HOUSE, 90 NEW LONDON ROAD |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Hospital |
| Aug 2024 | Anti-social behaviour | On or near Hospital | |
| Aug 2024 | Anti-social behaviour | On or near Hospital | |
| Jun 2024 | Anti-social behaviour | On or near Hospital | |
| Jun 2024 | Anti-social behaviour | On or near Hospital |