£507,153
This estimated value is based upon the latest sale price for the house of £115,000 on 16 Jun 1999. 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 |
|---|---|
| £115,000 | 16 Jun 1999 |
| Flats/Maisonettes |
| 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 June 1999 the House Price Index for ESSEX was 33.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 341.003%.Applying this 341.003% change to the original purchase price of £115,000 results in an estimated price of approximately £507,153.
| 16 Jun 1999 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 33.9 | 149.7 | 341.003 % | £115,000 | £392,153 | £507,153 |
The Postcode Pricing Model uses changes in average sales price within the CM3 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 | 302.252 % | £347,589 | £462,589 |
| 3 Month Average | 331.072 % | £380,732 | £495,732 |
| 6 Month Average | 362.093 % | £416,407 | £531,407 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 23 Aug 2024 | £1,340,000 | £1,340,000 | ASH KEYS CHELMSFORD ROAD |
| 21 Dec 2023 | £232,133 | £225,000 | 33 THE STREET |
| 22 Aug 2023 | £611,020 | £600,000 | THE CHASE MAIN ROAD |
| 24 Feb 2023 | £528,531 | £525,000 | 3 MANOR CRESCENT |
| 31 Jan 2023 | £987,639 | £985,000 | SPARROW HAWKS MAIN ROAD |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Criminal damage and arson | Awaiting court outcome | On or near Roman Road |
| Aug 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Chelmer Avenue |
| Oct 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Winckford Close |
| Aug 2024 | Burglary | Investigation complete; no suspect identified | On or near Winckford Close |
| Oct 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near The Street |