£634,468
This estimated value is based upon the latest sale price for the house of £370,000 on 10 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 |
|---|---|
| £370,000 | 10 Jul 2012 |
| Detached |
| Freehold |
| Floor Area: 117 sq meters or 1,260 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 May 2024 is 149.7 which is a change of 71.478%.Applying this 71.478% change to the original purchase price of £370,000 results in an estimated price of approximately £634,468.
| 10 Jul 2012 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.3 | 149.7 | 71.478 % | £370,000 | £264,468 | £634,468 |
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 | 60.237 % | £222,877 | £592,877 |
| 3 Month Average | 63.540 % | £235,097 | £605,097 |
| 6 Month Average | 59.881 % | £221,559 | £591,559 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Dec 2023 | £598,387 | £580,000 | 43 QUILP DRIVE |
| 2 Nov 2023 | £552,012 | £538,000 | 42 BARNABY RUDGE |
| 29 Aug 2023 | £460,811 | £452,500 | 15 SOWERBERRY CLOSE |
| 17 Jan 2023 | £651,741 | £650,000 | 36 SOWERBERRY CLOSE |
| 8 Apr 2022 | £596,518 | £575,000 | 28 BARNABY RUDGE |
This house has a floor area of 117 sq meters or 1,260 sq feet when measured on 24 Mar 2012. Using an estimated price of £634,468 means this house is valued at £5,418 per sq meter (£503 per sq foot).
The average size of a house on SOWERBERRY CLOSE is 110 sq meters (1,187 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Anti-social behaviour | On or near Barnaby Rudge | |
| Aug 2024 | Anti-social behaviour | On or near Barnaby Rudge | |
| Aug 2024 | Anti-social behaviour | On or near Barnaby Rudge | |
| Oct 2024 | Criminal damage and arson | Under investigation | On or near Drood Close |
| Sep 2024 | Violence and sexual offences | Action to be taken by another organisation | On or near Granger Row |