£407,800
This estimated value is based upon the latest sale price for the house of £220,000 on 22 Jun 2009. 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 |
|---|---|
| £220,000 | 22 Jun 2009 |
| Terraced |
| Freehold |
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 June 2009 the House Price Index for ESSEX was 80.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 85.364%.Applying this 85.364% change to the original purchase price of £220,000 results in an estimated price of approximately £407,800.
| 22 Jun 2009 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 80.8 | 149.7 | 85.364 % | £220,000 | £187,800 | £407,800 |
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 | 69.150 % | £152,130 | £372,130 |
| 3 Month Average | 81.025 % | £178,255 | £398,255 |
| 6 Month Average | 86.297 % | £189,852 | £409,852 |
| 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 |
| 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 |