£559,261
This estimated value is based upon the latest sale price for the house of £420,000 on 22 Jul 2016. This value is then adjusted by the current Official House Price Index for ESSEX 1
There has been one burglary within the last year on or near Erick Avenue
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Hollow Lane, Chelmsford, CM1 7HG
Phone: 01245845787
| Price Paid | Date |
|---|---|
| £420,000 | 22 Jul 2016 |
| £143,000 | 8 Dec 2000 |
| £114,000 | 5 Feb 1999 |
| Detached |
| Freehold |
| Floor Area: 121 sq meters or 1,302 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 July 2016 the House Price Index for ESSEX was 111.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 33.158%.Applying this 33.158% change to the original purchase price of £420,000 results in an estimated price of approximately £559,261.
| 22 Jul 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 111.6 | 148.6 | 33.158 % | £420,000 | £139,261 | £559,261 |
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 | 26.823 % | £112,656 | £532,656 |
| 3 Month Average | 1.816 % | £7,629 | £427,629 |
| 6 Month Average | 16.289 % | £68,413 | £488,413 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 21 Dec 2023 | £320,610 | £315,000 | 23 HEARSALL AVENUE |
| 8 Nov 2023 | £375,560 | £370,000 | 31 HEARSALL AVENUE |
| 29 Sep 2023 | £422,907 | £417,500 | 22 ERICK AVENUE |
| 14 Jul 2023 | £283,820 | £280,000 | 4 HEARSALL AVENUE |
| 6 Apr 2023 | £576,204 | £570,000 | 17 ERICK AVENUE |
This house has a floor area of 121 sq meters or 1,302 sq feet when measured on 17 Mar 2014. Using an estimated price of £559,262 means this house is valued at £4,622 per sq meter (£429 per sq foot).
The average size of a house on ERICK AVENUE is 92 sq meters (998 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Burglary | Under investigation | On or near Erick Avenue |
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Moran Avenue |
| Mar 2024 | Burglary | Investigation complete; no suspect identified | On or near Main Road |
| Mar 2024 | Criminal damage and arson | Under investigation | On or near Main Road |
| Mar 2024 | Burglary | Investigation complete; no suspect identified | On or near Main Road |