£513,468
This estimated value is based upon the latest sale price for the house of £120,000 on 13 Jul 1999. 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 |
|---|---|
| £120,000 | 13 Jul 1999 |
| Semi-Detached |
| Freehold |
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 July 1999 the House Price Index for ESSEX was 34.3.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 327.890%.Applying this 327.890% change to the original purchase price of £120,000 results in an estimated price of approximately £513,468.
| 13 Jul 1999 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 34.3 | 146.7 | 327.890 % | £120,000 | £393,468 | £513,468 |
The Postcode Pricing Model uses changes in average sales price within the CM3 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 | 166.516 % | £199,819 | £319,819 |
| 3 Month Average | 243.353 % | £292,024 | £412,024 |
| 6 Month Average | 322.770 % | £387,323 | £507,323 |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Parking Area |
| Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Bury Lane |
| Jan 2024 | Public order | Unable to prosecute suspect | On or near Bury Lane |
| Dec 2023 | Burglary | Investigation complete; no suspect identified | On or near Bury Lane |
| Dec 2023 | Drugs | Investigation complete; no suspect identified | On or near Bury Lane |