£115,248
This estimated value is based upon the latest sale price for the house of £22,680 on 28 Jul 1997. 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 |
|---|---|
| £22,680 | 28 Jul 1997 |
| Semi-Detached |
| 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 July 1997 the House Price Index for ESSEX was 29.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 408.152%.Applying this 408.152% change to the original purchase price of £22,680 results in an estimated price of approximately £115,248.
| 28 Jul 1997 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 29.2 | 148.6 | 408.152 % | £22,680 | £92,568 | £115,248 |
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 | 484.388 % | £109,859 | £132,539 |
| 3 Month Average | 356.809 % | £80,924 | £103,604 |
| 6 Month Average | 437.928 % | £99,322 | £122,002 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 27 Nov 2023 | £284,208 | £280,000 | 5 CLOBBS YARD |
| 25 Jul 2023 | £311,188 | £307,000 | 44 RIDLEY ROAD |
| 14 Apr 2023 | £343,701 | £340,000 | 10 RIDLEY ROAD |
| 7 Jul 2022 | £426,147 | £425,000 | 170 MAIN ROAD |
| 1 Jul 2022 | £491,323 | £490,000 | 140 MAIN ROAD |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Ridley Road |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Ridley Road |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Ridley Road |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Ridley Road |
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Days Close |