1, STEERFORTH CLOSE, CHELMSFORD, CM1 4UJ - £250,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

1 STEERFORTH CLOSE is a very small terraced house of 84m², built sometime between 1976 and 1982, which could now be worth an estimated £438,175. It was last sold for £250,000 in July 2007, which was around 28% above the average July 2007 terraced price in the Chelmsford local authority area. The most recent EPC inspection was March 2014, where the current energy rating was D, and the potential energy rating was B.

1 STEERFORTH CLOSE Sold Prices

Land registry data shows two sales for 1 STEERFORTH CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Chelmsford local authority area for the corresponding sale date. Both of the two 1 STEERFORTH CLOSE sales were for above the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2007 23 JUL	£250,000	£194,841	28% above HPI
1995 27 JAN	£78,000	£48,854	60% above HPI

1 STEERFORTH CLOSE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Chelmsford local authority area over time, sourced from the HPI. The two 1 STEERFORTH CLOSE sales from January 1995 and July 2007 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the January 1995 sale was for 60% above the HPI. So the extrapolation line tracks at 60% above the HPI over time, until the July 2007 sale, where it falls to 28% above the HPI. The line then continues to track at 28% above the HPI.

What might 1 STEERFORTH CLOSE be worth now?

1 STEERFORTH CLOSE might now be worth an estimated £438,175.

This is based on house price inflation of 75.3%, between July 2007 and April 2026, for terraced houses, in the Chelmsford local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 75.3% inflationary increase is applied to the most recent sale price for 1 STEERFORTH CLOSE of £250,000 on 23rd July 2007. For the value to have increased from £250,000 to £438,175 over the nineteen years and three months to April 2026, the following assumptions must hold true:

• The value of 1 STEERFORTH CLOSE has moved in line with the HPI for terraced houses in the Chelmsford local authority area.
• The July 2007 sale price of £250,000 represented a fair market value for the property.
• The size, condition, and specification of 1 STEERFORTH CLOSE has not materially changed since July 2007.

How Large is 1 STEERFORTH CLOSE?

1 STEERFORTH CLOSE is 84m² according to the EPC inspection conducted in March 2014. This puts it in the smallest 20% of terraced houses houses in Chelmsford, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Chelmsford, and where 1 STEERFORTH CLOSE lies on this distribution: 13% of terraced houses houses are smaller than 1 STEERFORTH CLOSE, and 86% of houses are larger. Note that EPC data is not available for all properties in Chelmsford.

1 STEERFORTH CLOSE: Plot and Title Map

1 STEERFORTH CLOSE sits on a plot of roughly 0.066 of an acre, or 268m². The below map shows the location of 1 STEERFORTH CLOSE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 1 STEERFORTH CLOSE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 1 STEERFORTH CLOSE?

1 STEERFORTH CLOSE is located in CHELMSFORD, in the CM1 postcode district. The below map shows the position of No. 1 on STEERFORTH CLOSE.