£114,320
This estimated value is based upon the latest sale price for the house of £72,500 on 10 Jan 2014. This value is then adjusted by the current Official House Price Index for ESSEX 1
There have been two burglaries within the last year on or near Hobart Close
More crime details
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Hollow Lane, Chelmsford, CM1 7HG
Phone: 01245845787
Price Paid | Date |
---|---|
£72,500 | 10 Jan 2014 |
Flats/Maisonettes |
Leasehold |
Floor Area: 58 sq meters or 627 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 January 2014 the House Price Index for ESSEX was 93.0.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 57.683%.Applying this 57.683% change to the original purchase price of £72,500 results in an estimated price of approximately £114,320.
10 Jan 2014 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
93.0 | 146.7 | 57.683 % | £72,500 | £41,820 | £114,320 |
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 | 10.427 % | £7,559 | £80,059 |
3 Month Average | 51.954 % | £37,666 | £110,166 |
6 Month Average | 54.820 % | £39,744 | £112,244 |
This house has a floor area of 58 sq meters or 627 sq feet when measured on 23 Oct 2008.
The average size of a house on HOBART CLOSE is 79 sq meters (855 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Hobart Close |
Mar 2024 | Violence and sexual offences | Under investigation | On or near Hobart Close |
Mar 2024 | Burglary | Under investigation | On or near Hobart Close |
Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Hobart Close |
Jan 2024 | Burglary | Investigation complete; no suspect identified | On or near Hobart Close |