£363,013
This estimated value is based upon the latest sale price for the house of £340,000 on 11 Nov 2021. 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 |
|---|---|
| £340,000 | 11 Nov 2021 |
| £260,000 | 17 Jun 2016 |
| £169,995 | 14 Feb 2006 |
| £67,500 | 22 Nov 1996 |
| Terraced |
| Freehold |
| Floor Area: 85 sq meters or 914 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 November 2021 the House Price Index for ESSEX was 137.4.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 6.769%.Applying this 6.769% change to the original purchase price of £340,000 results in an estimated price of approximately £363,013.
| 11 Nov 2021 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 137.4 | 146.7 | 6.769 % | £340,000 | £23,013 | £363,013 |
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 | -44.870 % | £-152,558 | £187,441 |
| 3 Month Average | -8.823 % | £-29,999 | £310,000 |
| 6 Month Average | -2.531 % | £-8,604 | £331,395 |
This house has a floor area of 85 sq meters or 914 sq feet when measured on 24 Mar 2016.
The average size of a house on HOMEFIELD CLOSE is 123 sq meters (1,325 sq feet).
This house is the smallest in the street with a floor area of 85 sq meters (914 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Homefield Close |
| Dec 2023 | Vehicle crime | Investigation complete; no suspect identified | On or near Chiltern Close |
| Dec 2023 | Other crime | Under investigation | On or near Roslings Close |
| Mar 2024 | Public order | Under investigation | On or near Pennine Road |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Pennine Road |