£265,991
This estimated value is based upon the latest sale price for the house of £167,500 on 27 Jul 2007. 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 |
|---|---|
| £167,500 | 27 Jul 2007 |
| Flats/Maisonettes |
| Leasehold |
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 2007 the House Price Index for ESSEX was 94.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 58.801%.Applying this 58.801% change to the original purchase price of £167,500 results in an estimated price of approximately £265,991.
| 27 Jul 2007 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 94.3 | 149.7 | 58.801 % | £167,500 | £98,491 | £265,991 |
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 | 59.451 % | £99,581 | £267,081 |
| 3 Month Average | 60.103 % | £100,672 | £268,172 |
| 6 Month Average | 56.369 % | £94,418 | £261,918 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Dec 2023 | £226,974 | £220,000 | 2 DERWENT COURT HOBART CLOSE |
| 18 Aug 2023 | £230,151 | £226,000 | 26 DERWENT COURT HOBART CLOSE |
| 11 Aug 2023 | £320,786 | £315,000 | 7 ALBANY CLOSE |
| 27 Jan 2023 | £215,576 | £215,000 | 20 MURCHISON CLOSE |
| 9 Aug 2022 | £205,963 | £205,000 | 23 DERWENT COURT HOBART CLOSE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Bicycle theft | Under investigation | On or near Hobart Close |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Hobart Close |
| Sep 2024 | Other crime | Unable to prosecute suspect | On or near Hobart Close |
| Sep 2024 | Public order | Under investigation | On or near Hobart Close |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Hobart Close |