£520,966
This estimated value is based upon the latest sale price for the house of £145,000 on 24 Nov 2000. 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 |
|---|---|
| £145,000 | 24 Nov 2000 |
| Terraced |
| Freehold |
| Floor Area: 86 sq meters or 925 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 November 2000 the House Price Index for ESSEX was 40.8.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 259.287%.Applying this 259.287% change to the original purchase price of £145,000 results in an estimated price of approximately £520,966.
| 24 Nov 2000 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 40.8 | 146.7 | 259.287 % | £145,000 | £375,966 | £520,966 |
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 | 116.145 % | £168,410 | £313,410 |
| 3 Month Average | 207.494 % | £300,866 | £445,866 |
| 6 Month Average | 238.358 % | £345,618 | £490,618 |
This house has a floor area of 86 sq meters or 925 sq feet when measured on 15 Aug 2014.
The average size of a house on MERDLE SQUARE is 103 sq meters (1,110 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Wickham Crescent |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Crushton Place |
| Feb 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Crushton Place |
| Jan 2024 | Criminal damage and arson | Further action is not in the public interest | On or near Crushton Place |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Varden Close |