£535,585
This estimated value is based upon the latest sale price for the house of £230,000 on 6 Jun 2003. 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 |
|---|---|
| £230,000 | 6 Jun 2003 |
| 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 June 2003 the House Price Index for ESSEX was 63.0.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 132.863%.Applying this 132.863% change to the original purchase price of £230,000 results in an estimated price of approximately £535,585.
| 6 Jun 2003 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 63.0 | 146.7 | 132.863 % | £230,000 | £305,585 | £535,585 |
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 | 39.459 % | £90,755 | £320,755 |
| 3 Month Average | 98.676 % | £226,955 | £456,955 |
| 6 Month Average | 120.368 % | £276,847 | £506,847 |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Wickfield Ash |
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Mendip Road |
| Feb 2024 | Other crime | Awaiting court outcome | On or near Mendip Road |
| Mar 2024 | Public order | Under investigation | On or near Mendip Place |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Mendip Place |