£399,933
This estimated value is based upon the latest sale price for the house of £272,000 on 21 May 2015. 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 |
|---|---|
| £272,000 | 21 May 2015 |
| Semi-Detached |
| Freehold |
| Floor Area: 68 sq meters or 731 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 2015 the House Price Index for ESSEX was 101.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 47.034%.Applying this 47.034% change to the original purchase price of £272,000 results in an estimated price of approximately £399,933.
| 21 May 2015 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 101.8 | 149.7 | 47.034 % | £272,000 | £127,933 | £399,933 |
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 | 26.525 % | £72,147 | £344,147 |
| 3 Month Average | 40.512 % | £110,193 | £382,193 |
| 6 Month Average | 34.790 % | £94,628 | £366,628 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Mar 2024 | £503,739 | £496,000 | 16 ERICK AVENUE |
| 21 Dec 2023 | £324,986 | £315,000 | 23 HEARSALL AVENUE |
| 8 Nov 2023 | £379,637 | £370,000 | 31 HEARSALL AVENUE |
| 29 Sep 2023 | £426,911 | £417,500 | 22 ERICK AVENUE |
| 6 Apr 2023 | £580,865 | £570,000 | 17 ERICK AVENUE |
This house has a floor area of 68 sq meters or 731 sq feet when measured on 3 Mar 2015. Using an estimated price of £399,934 means this house is valued at £5,881 per sq meter (£546 per sq foot).
The average size of a house on ERICK AVENUE is 92 sq meters (998 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Moran Avenue |
| Aug 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Moran Avenue |
| Aug 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Moran Avenue |
| Oct 2024 | Anti-social behaviour | On or near Main Road | |
| Sep 2024 | Burglary | Unable to prosecute suspect | On or near Main Road |