114, CHELMER VILLAGE WAY, SPRINGFIELD, CHELMSFORD, CM2 6QP - £230,000

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.

114 CHELMER VILLAGE WAY is a very small terraced house of 56m², built sometime between 1996 and 2002, which could now be worth an estimated £311,254. It was last sold for £230,000 in June 2016, which was around 10% below the average June 2016 terraced price in the Chelmsford local authority area. The most recent EPC inspection was June 2011, where the current energy rating was D, and the potential energy rating was C.

114 CHELMER VILLAGE WAY Sold Prices

Land registry data shows five sales for 114 CHELMER VILLAGE WAY since 1^st January 1995. The below table shows the price paid for the five sales, along with the average terraced price in the Chelmsford local authority area for the corresponding sale date. Most of the five 114 CHELMER VILLAGE WAY 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
2016 17 JUN	£230,000	£254,837	10% below HPI
2014 3 JUN	£229,995	£211,600	9% above HPI
2006 28 SEP	£191,000	£174,922	9% above HPI
2003 5 DEC	£185,000	£142,316	30% above HPI
2001 28 JUN	£123,000	£91,469	34% above HPI

114 CHELMER VILLAGE WAY 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 five 114 CHELMER VILLAGE WAY sales between June 2001 and June 2016 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 2014 sale was for 9% above the HPI. So the extrapolation line tracks at 9% above the HPI over time, until the June 2016 sale, where it falls to 10% below the HPI. The line then continues to track at 10% below the HPI.

What might 114 CHELMER VILLAGE WAY be worth now?

114 CHELMER VILLAGE WAY might now be worth an estimated £311,254.

This is based on house price inflation of 35.3%, between June 2016 and August 2025, 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 35.3% inflationary increase is applied to the most recent sale price for 114 CHELMER VILLAGE WAY of £230,000 on 17th June 2016. For the value to have increased from £230,000 to £311,254 over the eight years and ten months to August 2025, the following assumptions must hold true:

• The value of 114 CHELMER VILLAGE WAY has moved in line with the HPI for terraced houses in the Chelmsford local authority area.
• The June 2016 sale price of £230,000 represented a fair market value for the property.
• The size, condition, and specification of 114 CHELMER VILLAGE WAY has not materially changed since June 2016.

How Large is 114 CHELMER VILLAGE WAY?

114 CHELMER VILLAGE WAY is 56m² according to the EPC inspection conducted in June 2011. This puts it in the smallest 10% 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 114 CHELMER VILLAGE WAY lies on this distribution: 2% of terraced houses houses are smaller than 114 CHELMER VILLAGE WAY, and 98% of houses are larger. Note that EPC data is not available for all properties in Chelmsford.

114 CHELMER VILLAGE WAY: Plot and Title Map

114 CHELMER VILLAGE WAY sits on a plot of roughly 0.050 of an acre, or 204m². The below map shows the location of 114 CHELMER VILLAGE WAY, 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 114 CHELMER VILLAGE WAY). 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 114 CHELMER VILLAGE WAY?

114 CHELMER VILLAGE WAY is located in SPRINGFIELD, in the CM2 postcode district. The below map shows the position of No. 114 on CHELMER VILLAGE WAY.