£288,082
This estimated value is based upon the latest sale price for the house of £280,000 on 14 Jul 2023. 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 |
|---|---|
| £280,000 | 14 Jul 2023 |
| Semi-Detached |
| 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 July 2023 the House Price Index for ESSEX was 145.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.887%.Applying this 2.887% change to the original purchase price of £280,000 results in an estimated price of approximately £288,082.
| 14 Jul 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 145.5 | 149.7 | 2.887 % | £280,000 | £8,082 | £288,082 |
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 | -16.397 % | £-45,912 | £234,087 |
| 3 Month Average | 1.560 % | £4,369 | £284,369 |
| 6 Month Average | -0.918 % | £-2,569 | £277,430 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 9 Apr 2024 | £290,019 | £287,500 | 5 COOMBE RISE |
| 18 Mar 2024 | £503,739 | £496,000 | 16 ERICK AVENUE |
| 21 Dec 2023 | £324,986 | £315,000 | 23 HEARSALL AVENUE |
| 10 Nov 2023 | £333,978 | £325,500 | 12 HEATHFIELD ROAD |
| 8 Nov 2023 | £379,637 | £370,000 | 31 HEARSALL AVENUE |
| 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 |
| Aug 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Capel Close |
| Oct 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Pembroke Place |