£585,097
This estimated value is based upon the latest sale price for the house of £550,000 on 27 Sep 2021. 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 |
|---|---|
| £550,000 | 27 Sep 2021 |
| £300,000 | 4 Nov 2005 |
| £115,000 | 15 Mar 2001 |
| Detached |
| Freehold |
| Floor Area: 145 sq meters or 1,560 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 September 2021 the House Price Index for ESSEX was 137.9.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 6.381%.Applying this 6.381% change to the original purchase price of £550,000 results in an estimated price of approximately £585,097.
| 27 Sep 2021 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 137.9 | 146.7 | 6.381 % | £550,000 | £35,097 | £585,097 |
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 | -7.315 % | £-40,231 | £509,768 |
| 3 Month Average | 9.011 % | £49,558 | £599,558 |
| 6 Month Average | 2.959 % | £16,274 | £566,274 |
This house has a floor area of 145 sq meters or 1,560 sq feet when measured on 21 Jul 2021.
The average size of a house on THE DRIVE is 93 sq meters (1,010 sq feet).
This house is the largest in the street with a floor area of 145 sq meters (1,560 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Under investigation | On or near The Drive |
| Nov 2023 | Vehicle crime | Investigation complete; no suspect identified | On or near The Drive |
| Dec 2023 | Burglary | Investigation complete; no suspect identified | On or near Pottery Lane |
| Feb 2024 | Burglary | Investigation complete; no suspect identified | On or near Barnfield Mews |
| Dec 2023 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Barnfield Mews |