£412,746
This estimated value is based upon the latest sale price for the house of £265,000 on 8 May 2014. 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 |
|---|---|
| £265,000 | 8 May 2014 |
| £217,000 | 19 Apr 2007 |
| Terraced |
| Freehold |
| Floor Area: 77 sq meters or 828 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 May 2014 the House Price Index for ESSEX was 96.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 55.753%.Applying this 55.753% change to the original purchase price of £265,000 results in an estimated price of approximately £412,746.
| 8 May 2014 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 96.1 | 149.7 | 55.753 % | £265,000 | £147,746 | £412,746 |
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 | 47.893 % | £126,916 | £391,916 |
| 3 Month Average | 47.471 % | £125,797 | £390,797 |
| 6 Month Average | 51.600 % | £136,740 | £401,740 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 21 Nov 2023 | £615,627 | £600,000 | 64 LONGSHOTS CLOSE |
| 15 Jul 2022 | £434,352 | £430,000 | 8 LONGSHOTS CLOSE |
| 13 May 2022 | £431,235 | £420,000 | 30 LONGSHOTS CLOSE |
| 25 Feb 2022 | £639,157 | £605,000 | 86 SCHOOL LANE |
| 16 Feb 2022 | £1,077,586 | £1,020,000 | 78A SCHOOL LANE |
This house has a floor area of 77 sq meters or 828 sq feet when measured on 31 Jan 2014. Using an estimated price of £412,746 means this house is valued at £5,360 per sq meter (£497 per sq foot).
The average size of a house on LONGSHOTS CLOSE is 103 sq meters (1,108 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Parsonage Close |
| Oct 2024 | Drugs | Investigation complete; no suspect identified | On or near Goulton Road |
| Oct 2024 | Drugs | Under investigation | On or near St Marys Mead |
| Oct 2024 | Vehicle crime | Under investigation | On or near Clark Way |
| Sep 2024 | Burglary | Investigation complete; no suspect identified | On or near School Lane |