£331,803
This estimated value is based upon the latest sale price for the house of £240,000 on 28 Jan 2016. 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 |
|---|---|
| £240,000 | 28 Jan 2016 |
| £56,000 | 11 Aug 1997 |
| Terraced |
| Freehold |
| Floor Area: 89 sq meters or 957 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 January 2016 the House Price Index for ESSEX was 108.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 38.251%.Applying this 38.251% change to the original purchase price of £240,000 results in an estimated price of approximately £331,803.
| 28 Jan 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 108.3 | 149.7 | 38.251 % | £240,000 | £91,803 | £331,803 |
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 | 19.410 % | £46,584 | £286,584 |
| 3 Month Average | 33.306 % | £79,933 | £319,933 |
| 6 Month Average | 24.459 % | £58,701 | £298,701 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Jun 2024 | £180,000 | £180,000 | 99 RUTLAND ROAD |
| 6 Mar 2024 | £440,772 | £434,000 | 94 KELVEDON CLOSE |
| 1 Mar 2024 | £289,447 | £285,000 | 34 KELVEDON CLOSE |
| 16 Nov 2023 | £695,146 | £677,500 | 54A PATCHING HALL LANE |
| 23 Jun 2022 | £408,737 | £400,000 | 88 KELVEDON CLOSE |
This house has a floor area of 89 sq meters or 957 sq feet when measured on 12 Nov 2015. Using an estimated price of £331,803 means this house is valued at £3,728 per sq meter (£346 per sq foot).
The average size of a house on RUTLAND ROAD is 78 sq meters (843 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Other crime | Unable to prosecute suspect | On or near Kelvedon Close |
| Oct 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Kelvedon Close |
| Oct 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Kelvedon Close |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Kelvedon Close |
| Sep 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Kelvedon Close |