£612,784
This estimated value is based upon the latest sale price for the house of £360,000 on 6 Jul 2012. 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 |
|---|---|
| £360,000 | 6 Jul 2012 |
| Detached |
| Freehold |
| Floor Area: 91 sq meters or 988 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 July 2012 the House Price Index for ESSEX was 87.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 70.218%.Applying this 70.218% change to the original purchase price of £360,000 results in an estimated price of approximately £612,784.
| 6 Jul 2012 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.3 | 148.6 | 70.218 % | £360,000 | £252,784 | £612,784 |
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 | 71.783 % | £258,417 | £618,417 |
| 3 Month Average | 41.174 % | £148,227 | £508,227 |
| 6 Month Average | 58.815 % | £211,733 | £571,733 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Nov 2023 | £213,156 | £210,000 | 149 WOODHALL ROAD |
| 17 Nov 2023 | £565,370 | £557,000 | 113 PATCHING HALL LANE |
| 28 Sep 2023 | £1,205,412 | £1,190,000 | 108 PATCHING HALL LANE |
| 27 Jul 2023 | £871,733 | £860,000 | 3 LONGLEAT CLOSE |
| 20 Jul 2023 | £349,707 | £345,000 | 147 PATCHING HALL LANE |
This house has a floor area of 91 sq meters or 988 sq feet when measured on 1 Mar 2012. Using an estimated price of £612,784 means this house is valued at £6,675 per sq meter (£620 per sq foot).
There is one other house on the street which we know the size of, this is 9 LONGLEAT CLOSE it is 185.0
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Longleat Close |
| Jan 2024 | Burglary | Investigation complete; no suspect identified | On or near Patching Hall Lane |
| Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Wood Leys |