£474,680
This estimated value is based upon the latest sale price for the house of £475,000 on 3 Feb 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 |
---|---|
£475,000 | 3 Feb 2023 |
£425,000 | 30 Jun 2020 |
Detached |
Freehold |
Floor Area: 90 sq meters or 968 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 February 2023 the House Price Index for ESSEX was 148.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of -0.067%.Applying this -0.067% change to the original purchase price of £475,000 results in an estimated price of approximately £474,680.
3 Feb 2023 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
148.7 | 148.6 | -0.067 % | £475,000 | £-319 | £474,680 |
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 | 6.281 % | £29,833 | £504,833 |
3 Month Average | -23.569 % | £-111,951 | £363,048 |
6 Month Average | -14.971 % | £-71,110 | £403,889 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
8 Dec 2023 | £534,349 | £525,000 | 27 TROTWOOD CLOSE |
31 Mar 2023 | £681,420 | £675,000 | 31 TROTWOOD CLOSE |
3 Feb 2023 | £474,681 | £475,000 | 5 CLOVER DRIVE |
20 Jun 2022 | £446,307 | £440,000 | 10 FOXGLOVE AVENUE |
27 Apr 2022 | £653,922 | £635,000 | 6 HAVISHAM WAY |
This house has a floor area of 90 sq meters or 968 sq feet when measured on 19 Jun 2020. Using an estimated price of £474,681 means this house is valued at £5,274 per sq meter (£489 per sq foot).
The average size of a house on CLOVER DRIVE is 112 sq meters (1,212 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Clover Drive |
Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Clover Drive |
Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Elder Close |
Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Elder Close |
Jan 2024 | Other crime | Awaiting court outcome | On or near Elder Close |