£339,981
This estimated value is based upon the latest sale price for the house of £315,000 on 3 Dec 2021. 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 |
|---|---|
| £315,000 | 3 Dec 2021 |
| £105,500 | 29 Jun 2001 |
| £62,750 | 8 Aug 1997 |
| £53,500 | 10 Mar 1995 |
| Terraced |
| Freehold |
| Floor Area: 68 sq meters or 732 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 December 2021 the House Price Index for ESSEX was 138.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 7.931%.Applying this 7.931% change to the original purchase price of £315,000 results in an estimated price of approximately £339,981.
| 3 Dec 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 138.7 | 149.7 | 7.931 % | £315,000 | £24,981 | £339,981 |
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 | 72.292 % | £227,719 | £542,719 |
| 3 Month Average | 10.295 % | £32,430 | £347,430 |
| 6 Month Average | 5.905 % | £18,600 | £333,600 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 5 Apr 2024 | £317,759 | £315,000 | 39 BOUNDERBY GROVE |
| 25 Aug 2023 | £327,914 | £322,000 | 41 PEGGOTTY CLOSE |
| 20 May 2022 | £14,374 | £14,000 | GARAGE 5 DROOD CLOSE |
| 11 May 2022 | £400,432 | £390,000 | 4 PEGGOTTY CLOSE |
| 3 Dec 2021 | £339,982 | £315,000 | 59 PEGGOTTY CLOSE |
This house has a floor area of 68 sq meters or 732 sq feet when measured on 29 Jan 2009. Using an estimated price of £339,982 means this house is valued at £4,999 per sq meter (£464 per sq foot).
The average size of a house on PEGGOTTY CLOSE is 74 sq meters (804 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Criminal damage and arson | Under investigation | On or near Drood Close |
| Aug 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Pipchin Road |