£462,651
This estimated value is based upon the latest sale price for the house of £284,000 on 8 Feb 2007. This value is then adjusted by the current Official House Price Index for ESSEX 1
Get our free house price tracker.
Hollow Lane, Chelmsford, CM1 7HG
Phone: 01245845787
| Price Paid | Date |
|---|---|
| £284,000 | 8 Feb 2007 |
| £272,500 | 5 May 2006 |
| Terraced |
| Freehold |
| Floor Area: 103 sq meters or 1,108 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 February 2007 the House Price Index for ESSEX was 91.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 62.906%.Applying this 62.906% change to the original purchase price of £284,000 results in an estimated price of approximately £462,651.
| 8 Feb 2007 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 91.2 | 148.6 | 62.906 % | £284,000 | £178,651 | £462,651 |
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 | 71.305 % | £202,507 | £486,507 |
| 3 Month Average | 50.060 % | £142,170 | £426,170 |
| 6 Month Average | 70.226 % | £199,440 | £483,440 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 Nov 2023 | £497,363 | £490,000 | 29 MICAWBER WAY |
| 7 Jul 2023 | £288,888 | £285,000 | 8 BARKIS CLOSE |
| 3 Mar 2023 | £413,899 | £410,000 | 19 PICKWICK AVENUE |
| 24 Feb 2023 | £379,744 | £380,000 | 18 PICKWICK AVENUE |
| 19 Jul 2022 | £546,471 | £545,000 | 10 SPENLOW DRIVE |
This house has a floor area of 103 sq meters or 1,108 sq feet when measured on 6 Mar 2013. Using an estimated price of £462,652 means this house is valued at £4,491 per sq meter (£417 per sq foot).
The average size of a house on SPENLOW DRIVE is 131 sq meters (1,415 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Quinion Close |
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Tupman Close |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Pickwick Avenue |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Pickwick Avenue |
| Mar 2024 | Burglary | Under investigation | On or near Mashbury Road |