£317,234
This estimated value is based upon the latest sale price for the house of £67,995 on 30 Oct 1998. 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 |
|---|---|
| £67,995 | 30 Oct 1998 |
| £49,500 | 25 Nov 1996 |
| Terraced |
| 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 October 1998 the House Price Index for ESSEX was 32.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 366.555%.Applying this 366.555% change to the original purchase price of £67,995 results in an estimated price of approximately £317,234.
| 30 Oct 1998 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 32.1 | 149.7 | 366.555 % | £67,995 | £249,239 | £317,234 |
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 | 398.324 % | £270,840 | £338,835 |
| 3 Month Average | 383.257 % | £260,595 | £328,590 |
| 6 Month Average | 381.050 % | £259,095 | £327,090 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 5 Apr 2024 | £317,759 | £315,000 | 39 BOUNDERBY GROVE |
| 25 Aug 2023 | £327,914 | £322,000 | 41 PEGGOTTY CLOSE |
| 20 May 2022 | £14,374 | £14,000 | GARAGE 5 DROOD CLOSE |
| 11 May 2022 | £400,432 | £390,000 | 4 PEGGOTTY CLOSE |
| 3 Dec 2021 | £339,982 | £315,000 | 59 PEGGOTTY CLOSE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Criminal damage and arson | Under investigation | On or near Drood Close |
| Aug 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Pipchin Road |