£338,950
This estimated value is based upon the latest sale price for the house of £275,000 on 24 Feb 2020. 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 |
|---|---|
| £275,000 | 24 Feb 2020 |
| £220,000 | 2 Dec 2014 |
| £185,000 | 31 Oct 2013 |
| £90,000 | 9 Jun 2006 |
| Terraced |
| Freehold |
| Floor Area: 69 sq meters or 742 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 2020 the House Price Index for ESSEX was 121.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 23.255%.Applying this 23.255% change to the original purchase price of £275,000 results in an estimated price of approximately £338,950.
| 24 Feb 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.5 | 149.7 | 23.255 % | £275,000 | £63,950 | £338,950 |
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 | 7.524 % | £20,692 | £295,692 |
| 3 Month Average | 2.650 % | £7,286 | £282,286 |
| 6 Month Average | -1.105 % | £-3,039 | £271,960 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 6 Jun 2024 | £300,000 | £300,000 | 5 CHEVIOT DRIVE |
| 6 Jun 2024 | £310,000 | £310,000 | 16 PENNINE ROAD |
| 8 Dec 2023 | £118,646 | £115,000 | 22 DARNAY RISE |
| 8 Sep 2023 | £388,566 | £380,000 | 66 CHEVIOT DRIVE |
| 26 Jun 2023 | £387,771 | £380,000 | 65 CHEVIOT DRIVE |
This house has a floor area of 69 sq meters or 742 sq feet when measured on 8 Oct 2019. Using an estimated price of £338,950 means this house is valued at £4,912 per sq meter (£456 per sq foot).
The average size of a house on CHEVIOT DRIVE is 82 sq meters (888 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Cheviot Drive |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Cheviot Drive |
| Sep 2024 | Other theft | Under investigation | On or near Cheviot Drive |
| Jul 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Cheviot Drive |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Cheviot Drive |