£574,019
This estimated value is based upon the latest sale price for the house of £525,500 on 14 Oct 2021. 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 Gibson Vale
More crime details
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Hollow Lane, Chelmsford, CM1 7HG
Phone: 01245845787
Price Paid | Date |
---|---|
£525,500 | 14 Oct 2021 |
£525,000 | 14 Oct 2019 |
Semi-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 October 2021 the House Price Index for ESSEX was 134.3.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 9.233%.Applying this 9.233% change to the original purchase price of £525,500 results in an estimated price of approximately £574,019.
14 Oct 2021 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
134.3 | 146.7 | 9.233 % | £525,500 | £48,519 | £574,019 |
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 | -36.295 % | £-190,729 | £334,770 |
3 Month Average | 4.801 % | £25,228 | £550,728 |
6 Month Average | -2.615 % | £-13,744 | £511,755 |
Date | Crime | Outcome | Where |
---|---|---|---|
Mar 2024 | Burglary | Investigation complete; no suspect identified | On or near Gibson Vale |
Dec 2023 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Roselawn Fields |
Mar 2024 | Burglary | Investigation complete; no suspect identified | On or near Main Road |
Mar 2024 | Burglary | Investigation complete; no suspect identified | On or near Main Road |
Mar 2024 | Vehicle crime | Under investigation | On or near Main Road |