1, THE SPINNAKER, SOUTH WOODHAM FERRERS, CHELMSFORD, CM3 5GL - £350,000

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 THE SPINNAKER is a large extended detached house of 132m², built sometime between 1983 and 1990, which could now be worth an estimated £648,169. It was last sold for £350,000 in June 2011, which was around 7% below the average June 2011 detached price in the Chelmsford local authority area. The most recent EPC inspection was March 2010, where the current energy rating was E, and the potential energy rating was D.

1 THE SPINNAKER Sold Prices

Land registry data shows three sales for 1 THE SPINNAKER since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Chelmsford local authority area for the corresponding sale date. Two of the three 1 THE SPINNAKER sales were for below the average price, whilst one was 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
2011 24 JUN	£350,000	£375,929	7% below HPI
2005 14 JUN	£323,000	£331,559	3% below HPI
2003 31 JAN	£295,000	£285,482	3% above HPI

1 THE SPINNAKER Price Paid vs. HPI Average

The below graph shows the average detached house price in the Chelmsford local authority area over time, sourced from the HPI. The three 1 THE SPINNAKER sales between January 2003 and June 2011 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 June 2005 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the June 2011 sale, where it falls to 7% below the HPI. The line then continues to track at 7% below the HPI.

What might 1 THE SPINNAKER be worth now?

1 THE SPINNAKER might now be worth an estimated £648,169.

This is based on house price inflation of 85.2%, between June 2011 and June 2025, for detached 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 85.2% inflationary increase is applied to the most recent sale price for 1 THE SPINNAKER of £350,000 on 24th June 2011. For the value to have increased from £350,000 to £648,169 over the fourteen years to June 2025, the following assumptions must hold true:

• The value of 1 THE SPINNAKER has moved in line with the HPI for detached houses in the Chelmsford local authority area.
• The June 2011 sale price of £350,000 represented a fair market value for the property.
• The size, condition, and specification of 1 THE SPINNAKER has not materially changed since June 2011.

How Large is 1 THE SPINNAKER?

1 THE SPINNAKER is 132m², which includes one extension, according to the EPC inspection conducted in March 2010. This puts it in the largest 30% of detached houses houses in South Woodham Ferrers, based on EPC data. The below chart shows the distribution of detached houses houses by size in South Woodham Ferrers, and where 1 THE SPINNAKER lies on this distribution: 72% of detached houses houses are smaller than 1 THE SPINNAKER, and 28% of houses are larger. Note that EPC data is not available for all properties in South Woodham Ferrers.

1 THE SPINNAKER: Plot and Title Map

1 THE SPINNAKER sits on a plot of roughly 0.120 of an acre, or 484m². The below map shows the location of 1 THE SPINNAKER, 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 THE SPINNAKER). 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 THE SPINNAKER?

1 THE SPINNAKER is located in SOUTH WOODHAM FERRERS, in the CM3 postcode district. The below map shows the position of No. 1 on THE SPINNAKER.