£276,910
This estimated value is based upon the latest sale price for the house of £52,000 on 12 Dec 1996. This value is then adjusted by the current Official House Price Index for ESSEX 1
There has been one burglary within the last year on or near Hobart Close
More crime details
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Hollow Lane, Chelmsford, CM1 7HG
Phone: 01245845787
| Price Paid | Date |
|---|---|
| £52,000 | 12 Dec 1996 |
| Terraced |
| Freehold |
| Floor Area: 88 sq meters or 947 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 December 1996 the House Price Index for ESSEX was 27.5.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 432.520%.Applying this 432.520% change to the original purchase price of £52,000 results in an estimated price of approximately £276,910.
| 12 Dec 1996 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 27.5 | 146.7 | 432.520 % | £52,000 | £224,910 | £276,910 |
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 | 246.988 % | £128,433 | £180,433 |
| 3 Month Average | 429.750 % | £223,469 | £275,469 |
| 6 Month Average | 471.071 % | £244,956 | £296,956 |
This house has a floor area of 88 sq meters or 947 sq feet when measured on 3 Oct 2019.
The average size of a house on HOBART CLOSE is 79 sq meters (855 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Hobart Close |
| Mar 2024 | Burglary | Under investigation | On or near Hobart Close |
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Hobart Close |
| Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Hobart Close |
| Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near Hobart Close |