£705,602
This estimated value is based upon the latest sale price for the house of £616,500 on 6 Nov 2020. This value is then adjusted by the current Official House Price Index for ESSEX 1
Get our free house price tracker.
Hollow Lane, Chelmsford, CM1 7HG
Phone: 01245845787
| Price Paid | Date |
|---|---|
| £616,500 | 6 Nov 2020 |
| 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 November 2020 the House Price Index for ESSEX was 128.2.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 14.453%.Applying this 14.453% change to the original purchase price of £616,500 results in an estimated price of approximately £705,602.
| 6 Nov 2020 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 128.2 | 146.7 | 14.453 % | £616,500 | £89,102 | £705,602 |
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 | -40.879 % | £-252,020 | £364,479 |
| 3 Month Average | -23.354 % | £-143,978 | £472,521 |
| 6 Month Average | -0.751 % | £-4,628 | £611,871 |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Park/Open Space |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near South Street |
| Feb 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near South Street |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near South Street |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near South Street |