£127,025
This estimated value is based upon the latest sale price for the house of £87,600 on 16 Jul 2015. This value is then adjusted by the current Official House Price Index for ESSEX 1
Get our free house price tracker.
Hollow Lane, Chelmsford, CM1 7HG
Phone: 01245845787
| Price Paid | Date |
|---|---|
| £87,600 | 16 Jul 2015 |
| £87,600 | 16 Jul 2015 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 24 sq meters or 258 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 July 2015 the House Price Index for ESSEX was 103.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 45.006%.Applying this 45.006% change to the original purchase price of £87,600 results in an estimated price of approximately £127,025.
| 16 Jul 2015 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 103.2 | 149.7 | 45.006 % | £87,600 | £39,425 | £127,025 |
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 | 41.655 % | £36,489 | £124,089 |
| 3 Month Average | 33.936 % | £29,727 | £117,327 |
| 6 Month Average | 37.565 % | £32,906 | £120,506 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 May 2024 | £342,000 | £342,000 | 24 BARNFIELD MEWS |
| 6 Mar 2024 | £327,532 | £322,500 | 9 PATCHING HALL LANE |
| 20 Nov 2023 | £359,116 | £350,000 | 13 PATCHING HALL LANE |
| 16 Oct 2023 | £327,437 | £320,000 | 32 BARNFIELD MEWS |
| 29 Sep 2023 | £253,590 | £248,000 | 38 COURTLANDS |
This house has a floor area of 24 sq meters or 258 sq feet when measured on 17 Jul 2013. Using an estimated price of £127,025 means this house is valued at £5,292 per sq meter (£491 per sq foot).
The average size of a house on BROOMFIELD ROAD is 70 sq meters (757 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Nov 2024 | Bicycle theft | Investigation complete; no suspect identified | On or near B1008 |
| Nov 2024 | Other theft | Under investigation | On or near B1008 |
| Oct 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near B1008 |
| Oct 2024 | Public order | Unable to prosecute suspect | On or near B1008 |
| Nov 2024 | Violence and sexual offences | Formal action is not in the public interest | On or near Barnfield Mews |