£414,114
This estimated value is based upon the latest sale price for the house of £400,000 on 9 Feb 2022. 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 |
|---|---|
| £400,000 | 9 Feb 2022 |
| £151,000 | 8 May 2009 |
| Semi-Detached |
| Freehold |
| Floor Area: 64 sq meters or 688 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 2022 the House Price Index for ESSEX was 141.7.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 3.529%.Applying this 3.529% change to the original purchase price of £400,000 results in an estimated price of approximately £414,114.
| 9 Feb 2022 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 141.7 | 146.7 | 3.529 % | £400,000 | £14,114 | £414,114 |
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 | -46.640 % | £-186,559 | £213,440 |
| 3 Month Average | -11.564 % | £-46,254 | £353,745 |
| 6 Month Average | -0.363 % | £-1,453 | £398,546 |
This house has a floor area of 64 sq meters or 688 sq feet when measured on 30 Sep 2021.
The average size of a house on MENDIP ROAD is 72 sq meters (785 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Public order | Under investigation | On or near Malvern Close |
| Mar 2024 | Public order | Under investigation | On or near Malvern Close |
| Jan 2024 | Anti-social behaviour | On or near Malvern Close | |
| Jan 2024 | Anti-social behaviour | On or near Malvern Close | |
| Jan 2024 | Anti-social behaviour | On or near Malvern Close |