£68,444
This estimated value is based upon the latest sale price for the house of £22,500 on 11 Mar 2002. 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 |
|---|---|
| £22,500 | 11 Mar 2002 |
| £54,995 | 23 May 1997 |
| Terraced |
| 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 March 2002 the House Price Index for ESSEX was 49.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 204.197%.Applying this 204.197% change to the original purchase price of £22,500 results in an estimated price of approximately £68,444.
| 11 Mar 2002 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 49.2 | 149.7 | 204.197 % | £22,500 | £45,944 | £68,444 |
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 | 220.579 % | £49,630 | £72,130 |
| 3 Month Average | 196.720 % | £44,262 | £66,762 |
| 6 Month Average | 200.025 % | £45,005 | £67,505 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Dec 2023 | £226,974 | £220,000 | 2 DERWENT COURT HOBART CLOSE |
| 6 Nov 2023 | £384,767 | £375,000 | 48 LANGTON AVENUE |
| 11 Aug 2023 | £320,786 | £315,000 | 7 ALBANY CLOSE |
| 2 Jun 2023 | £382,669 | £375,000 | 20 LANGTON AVENUE |
| 17 Mar 2023 | £335,605 | £330,000 | 74 LANGTON AVENUE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Nov 2024 | Violence and sexual offences | Under investigation | On or near Canberra Close |
| Oct 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Canberra Close |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Canberra Close |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Canberra Close |
| Oct 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Canberra Close |