£506,526
This estimated value is based upon the latest sale price for the house of £375,000 on 14 Mar 2016. This value is then adjusted by the current Official House Price Index for ESSEX 1
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Hollow Lane, Chelmsford, CM1 7HG
Phone: 01245845787
| Price Paid | Date |
|---|---|
| £375,000 | 14 Mar 2016 |
| Detached |
| Freehold |
| Floor Area: 124 sq meters or 1,334 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 March 2016 the House Price Index for ESSEX was 110.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 35.074%.Applying this 35.074% change to the original purchase price of £375,000 results in an estimated price of approximately £506,526.
| 14 Mar 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 110.0 | 148.6 | 35.074 % | £375,000 | £131,526 | £506,526 |
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 | 33.569 % | £125,884 | £500,884 |
| 3 Month Average | 5.651 % | £21,191 | £396,191 |
| 6 Month Average | 24.244 % | £90,913 | £465,913 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 27 Nov 2023 | £284,208 | £280,000 | 5 CLOBBS YARD |
| 25 Jul 2023 | £311,188 | £307,000 | 44 RIDLEY ROAD |
| 14 Apr 2023 | £343,701 | £340,000 | 10 RIDLEY ROAD |
| 30 Mar 2023 | £540,088 | £535,000 | 25 ASHFORD PLACE |
| 1 Jul 2022 | £491,323 | £490,000 | 140 MAIN ROAD |
This house has a floor area of 124 sq meters or 1,334 sq feet when measured on 24 Oct 2015. Using an estimated price of £506,527 means this house is valued at £4,084 per sq meter (£379 per sq foot).
The average size of a house on RIDLEY ROAD is 97 sq meters (1,054 sq feet).
This house is the largest in the street with a floor area of 124 sq meters (1,334 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Ridley Road |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Ridley Road |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Ridley Road |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Ridley Road |
| Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near Days Close |