£493,211
This estimated value is based upon the latest sale price for the house of £405,000 on 14 Dec 2018. 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 |
|---|---|
| £405,000 | 14 Dec 2018 |
| Detached |
| Freehold |
| Floor Area: 68 sq meters or 731 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 December 2018 the House Price Index for ESSEX was 120.5.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 21.781%.Applying this 21.781% change to the original purchase price of £405,000 results in an estimated price of approximately £493,211.
| 14 Dec 2018 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.5 | 146.7 | 21.781 % | £405,000 | £88,211 | £493,211 |
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 | -38.516 % | £-155,990 | £249,009 |
| 3 Month Average | -4.272 % | £-17,300 | £387,699 |
| 6 Month Average | 7.283 % | £29,494 | £434,494 |
This house has a floor area of 68 sq meters or 731 sq feet when measured on 5 Oct 2017.
The average size of a house on BUTLERS CLOSE is 150 sq meters (1,619 sq feet).
This house is the smallest in the street with a floor area of 68 sq meters (731 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Anti-social behaviour | On or near Rutherfords | |
| Feb 2024 | Anti-social behaviour | On or near Rutherfords | |
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Rutherfords |
| Feb 2024 | Burglary | Investigation complete; no suspect identified | On or near Deverill Close |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near White Mead |