£386,071
This estimated value is based upon the latest sale price for the house of £71,000 on 29 Nov 1996. 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 |
|---|---|
| £71,000 | 29 Nov 1996 |
| Semi-Detached |
| Freehold |
| Floor Area: 133 sq meters or 1,431 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 1996 the House Price Index for ESSEX was 27.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 443.763%.Applying this 443.763% change to the original purchase price of £71,000 results in an estimated price of approximately £386,071.
| 29 Nov 1996 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 27.3 | 148.6 | 443.763 % | £71,000 | £315,071 | £386,071 |
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 | 556.657 % | £395,226 | £466,226 |
| 3 Month Average | 408.196 % | £289,819 | £360,819 |
| 6 Month Average | 460.149 % | £326,705 | £397,705 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Nov 2023 | £505,484 | £498,000 | 31 PENTLAND AVENUE |
| 1 Aug 2023 | £453,971 | £450,000 | 18 PENTLAND AVENUE |
| 2 Jun 2023 | £347,206 | £343,000 | 3 NALLA GARDENS |
| 6 Apr 2023 | £419,517 | £415,000 | 19 DARRELL CLOSE |
| 17 Feb 2023 | £474,681 | £475,000 | 25 PENTLAND AVENUE |
This house has a floor area of 133 sq meters or 1,431 sq feet when measured on 15 Aug 2013. Using an estimated price of £386,072 means this house is valued at £2,902 per sq meter (£269 per sq foot).
The average size of a house on PENTLAND AVENUE is 93 sq meters (1,006 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Burnside Crescent |
| Mar 2024 | Burglary | Investigation complete; no suspect identified | On or near Nalla Gardens |
| Feb 2024 | Burglary | Investigation complete; no suspect identified | On or near Nalla Gardens |
| Feb 2024 | Burglary | Investigation complete; no suspect identified | On or near Nalla Gardens |
| Jan 2024 | Drugs | Offender given a caution | On or near Nalla Gardens |