118, CHELMER VILLAGE WAY, SPRINGFIELD, CHELMSFORD, CM2 6QP - £442,000

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.

118 CHELMER VILLAGE WAY is a small terraced house of 106m², built sometime between 1996 and 2002, which could now be worth an estimated £549,439. It was last sold for £442,000 in February 2019, which was around 59% above the average February 2019 terraced price in the Chelmsford local authority area. The most recent EPC inspection was May 2011, where the current energy rating was D, and the potential energy rating was C.

118 CHELMER VILLAGE WAY Sold Prices

Land registry data shows five sales for 118 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. All of the five 118 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
2019 11 FEB	£442,000	£277,429	59% above HPI
2015 22 OCT	£350,000	£242,006	45% above HPI
2013 21 JUN	£337,500	£191,225	76% above HPI
2006 22 SEP	£262,500	£174,922	50% above HPI
2001 1 JUN	£205,000	£91,469	124% above HPI

118 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 118 CHELMER VILLAGE WAY sales between June 2001 and February 2019 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 October 2015 sale was for 45% above the HPI. So the extrapolation line tracks at 45% above the HPI over time, until the February 2019 sale, where it rises to 59% above the HPI. The line then continues to track at 59% above the HPI.

What might 118 CHELMER VILLAGE WAY be worth now?

118 CHELMER VILLAGE WAY might now be worth an estimated £549,439.

This is based on house price inflation of 24.3%, between February 2019 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 24.3% inflationary increase is applied to the most recent sale price for 118 CHELMER VILLAGE WAY of £442,000 on 11th February 2019. For the value to have increased from £442,000 to £549,439 over the five years and six months to August 2025, the following assumptions must hold true:

• The value of 118 CHELMER VILLAGE WAY has moved in line with the HPI for terraced houses in the Chelmsford local authority area.
• The February 2019 sale price of £442,000 represented a fair market value for the property.
• The size, condition, and specification of 118 CHELMER VILLAGE WAY has not materially changed since February 2019.

How Large is 118 CHELMER VILLAGE WAY?

118 CHELMER VILLAGE WAY is 106m² according to the EPC inspection conducted in May 2011. This puts it in the smallest 40% 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 118 CHELMER VILLAGE WAY lies on this distribution: 35% of terraced houses houses are smaller than 118 CHELMER VILLAGE WAY, and 65% of houses are larger. Note that EPC data is not available for all properties in Chelmsford.

118 CHELMER VILLAGE WAY: Plot and Title Map

118 CHELMER VILLAGE WAY sits on a plot of roughly 0.054 of an acre, or 220m². The below map shows the location of 118 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 118 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 118 CHELMER VILLAGE WAY?

118 CHELMER VILLAGE WAY is located in SPRINGFIELD, in the CM2 postcode district. The below map shows the position of No. 118 on CHELMER VILLAGE WAY.