£884,478
This estimated value is based upon the latest sale price for the house of £650,000 on 18 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 |
|---|---|
| £650,000 | 18 Mar 2016 |
| Detached |
| Freehold |
| Floor Area: 152 sq meters or 1,636 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 May 2024 is 149.7 which is a change of 36.074%.Applying this 36.074% change to the original purchase price of £650,000 results in an estimated price of approximately £884,478.
| 18 Mar 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 110.0 | 149.7 | 36.074 % | £650,000 | £234,478 | £884,478 |
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 | 24.592 % | £159,847 | £809,847 |
| 3 Month Average | 22.389 % | £145,526 | £795,526 |
| 6 Month Average | 25.078 % | £163,003 | £813,003 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 2 Aug 2024 | £525,000 | £525,000 | 130 PATCHING HALL LANE |
| 6 Mar 2024 | £440,772 | £434,000 | 94 KELVEDON CLOSE |
| 1 Mar 2024 | £289,447 | £285,000 | 34 KELVEDON CLOSE |
| 20 Nov 2023 | £215,469 | £210,000 | 149 WOODHALL ROAD |
| 17 Nov 2023 | £571,507 | £557,000 | 113 PATCHING HALL LANE |
This house has a floor area of 152 sq meters or 1,636 sq feet when measured on 21 Dec 2016. Using an estimated price of £884,479 means this house is valued at £5,818 per sq meter (£540 per sq foot).
The average size of a house on PATCHING HALL LANE is 112 sq meters (1,208 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Patching Hall Lane |
| Aug 2024 | Anti-social behaviour | On or near Patching Hall Lane | |
| Aug 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Patching Hall Lane |
| Aug 2024 | Anti-social behaviour | On or near Patching Hall Lane | |
| Aug 2024 | Anti-social behaviour | On or near Patching Hall Lane |