£218,006
This estimated value is based upon the latest sale price for the house of £91,000 on 17 Apr 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 |
|---|---|
| £91,000 | 17 Apr 2003 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 64 sq meters or 689 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 April 2003 the House Price Index for ESSEX was 62.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 139.568%.Applying this 139.568% change to the original purchase price of £91,000 results in an estimated price of approximately £218,006.
| 17 Apr 2003 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 62.0 | 148.6 | 139.568 % | £91,000 | £127,006 | £218,006 |
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 | 134.851 % | £122,714 | £213,714 |
| 3 Month Average | 91.287 % | £83,071 | £174,071 |
| 6 Month Average | 114.087 % | £103,819 | £194,819 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Nov 2023 | £340,034 | £335,000 | 89 PINES ROAD |
| 11 Aug 2023 | £317,780 | £315,000 | 7 ALBANY CLOSE |
| 8 Sep 2022 | £381,916 | £385,000 | 121 PINES ROAD |
| 22 Aug 2022 | £388,953 | £390,000 | 95 MELBOURNE AVENUE |
| 13 Jun 2022 | £411,820 | £406,000 | 4 QUEENSLAND CRESCENT |
This house has a floor area of 64 sq meters or 689 sq feet when measured on 9 Apr 2011. Using an estimated price of £218,007 means this house is valued at £3,402 per sq meter (£316 per sq foot).
The average size of a house on MELBOURNE AVENUE is 88 sq meters (956 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Auckland Close |
| Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near Auckland Close |
| Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Auckland Close |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Albany Close |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Albany Close |