£445,241
This estimated value is based upon the latest sale price for the house of £266,000 on 28 Mar 2013. 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 |
|---|---|
| £266,000 | 28 Mar 2013 |
| £280,000 | 6 Jun 2008 |
| £193,000 | 8 Nov 2002 |
| Detached |
| Freehold |
| Floor Area: 90 sq meters or 968 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 March 2013 the House Price Index for ESSEX was 88.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 67.384%.Applying this 67.384% change to the original purchase price of £266,000 results in an estimated price of approximately £445,241.
| 28 Mar 2013 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 88.8 | 148.6 | 67.384 % | £266,000 | £179,241 | £445,241 |
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 | 64.589 % | £171,806 | £437,806 |
| 3 Month Average | 37.528 % | £99,825 | £365,825 |
| 6 Month Average | 50.927 % | £135,464 | £401,464 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 Nov 2023 | £497,363 | £490,000 | 29 MICAWBER WAY |
| 8 Mar 2023 | £408,852 | £405,000 | 6 MICAWBER WAY |
| 26 Oct 2022 | £558,981 | £565,000 | 24 MICAWBER WAY |
| 11 Jun 2022 | £431,092 | £425,000 | 28 THE LARTHINGS |
| 27 Apr 2022 | £502,542 | £488,000 | 48 MICAWBER WAY |
This house has a floor area of 90 sq meters or 968 sq feet when measured on 5 Jan 2013. Using an estimated price of £445,242 means this house is valued at £4,947 per sq meter (£459 per sq foot).
The average size of a house on MICAWBER WAY is 115 sq meters (1,242 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Spindle Wood |
| Mar 2024 | Public order | Investigation complete; no suspect identified | On or near Dickens Place |
| Feb 2024 | Other theft | Investigation complete; no suspect identified | On or near Dickens Place |
| Feb 2024 | Other theft | Investigation complete; no suspect identified | On or near Dickens Place |
| Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near Dickens Place |