£295,738
This estimated value is based upon the latest sale price for the house of £185,000 on 16 Apr 2008. 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 |
|---|---|
| £185,000 | 16 Apr 2008 |
| 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 April 2008 the House Price Index for ESSEX was 93.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 59.859%.Applying this 59.859% change to the original purchase price of £185,000 results in an estimated price of approximately £295,738.
| 16 Apr 2008 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 93.6 | 149.7 | 59.859 % | £185,000 | £110,738 | £295,738 |
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 | 64.230 % | £118,824 | £303,824 |
| 3 Month Average | 70.325 % | £130,102 | £315,102 |
| 6 Month Average | 63.667 % | £117,784 | £302,784 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 6 Jun 2024 | £310,000 | £310,000 | 16 PENNINE ROAD |
| 13 Oct 2023 | £168,835 | £165,000 | 17 CHILTERN CLOSE |
| 14 Sep 2023 | £166,674 | £163,000 | 1 CHILTERN CLOSE |
| 10 Mar 2023 | £310,180 | £305,000 | 125 MELBOURNE AVENUE |
| 1 Mar 2023 | £330,520 | £325,000 | 6 PENNINE ROAD |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Violence and sexual offences | Action to be taken by another organisation | On or near Chiltern Close |
| Sep 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Chiltern Close |
| Jul 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Chiltern Close |
| Aug 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Homefield Close |
| Jul 2024 | Drugs | Investigation complete; no suspect identified | On or near Homefield Close |