121, MELBOURNE AVENUE, CHELMSFORD, CM1 2DT - £256,000

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.

121 MELBOURNE AVENUE is a very small semi-detached house of 80m², built sometime between 1950 and 1966, which could now be worth an estimated £367,434. It was last sold for £256,000 in December 2015, which was around 15% below the average December 2015 semi-detached price in the Chelmsford local authority area. The most recent EPC inspection was August 2015, where the current energy rating was C, and the potential energy rating was B.

121 MELBOURNE AVENUE Sold Prices

Land registry data shows two sales for 121 MELBOURNE AVENUE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Chelmsford local authority area for the corresponding sale date. Both of the two 121 MELBOURNE AVENUE sales were for below 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
2015 21 DEC	£256,000	£300,393	15% below HPI
2007 26 SEP	£180,000	£236,651	24% below HPI

121 MELBOURNE AVENUE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Chelmsford local authority area over time, sourced from the HPI. The two 121 MELBOURNE AVENUE sales from September 2007 and December 2015 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 September 2007 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the December 2015 sale, where it rises to 15% below the HPI. The line then continues to track at 15% below the HPI.

What might 121 MELBOURNE AVENUE be worth now?

121 MELBOURNE AVENUE might now be worth an estimated £367,434.

This is based on house price inflation of 43.5%, between December 2015 and August 2025, for semi-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 43.5% inflationary increase is applied to the most recent sale price for 121 MELBOURNE AVENUE of £256,000 on 21st December 2015. For the value to have increased from £256,000 to £367,434 over the ten years and four months to August 2025, the following assumptions must hold true:

• The value of 121 MELBOURNE AVENUE has moved in line with the HPI for semi-detached houses in the Chelmsford local authority area.
• The December 2015 sale price of £256,000 represented a fair market value for the property.
• The size, condition, and specification of 121 MELBOURNE AVENUE has not materially changed since December 2015.

How Large is 121 MELBOURNE AVENUE?

121 MELBOURNE AVENUE is 80m² according to the EPC inspection conducted in August 2015. This puts it in the smallest 20% of semi-detached houses houses in Chelmsford, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Chelmsford, and where 121 MELBOURNE AVENUE lies on this distribution: 10% of semi-detached houses houses are smaller than 121 MELBOURNE AVENUE, and 89% of houses are larger. Note that EPC data is not available for all properties in Chelmsford.

121 MELBOURNE AVENUE: Plot and Title Map

121 MELBOURNE AVENUE sits on a plot of roughly 0.068 of an acre, or 277m². The below map shows the location of 121 MELBOURNE AVENUE, 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 121 MELBOURNE AVENUE). 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 121 MELBOURNE AVENUE?

121 MELBOURNE AVENUE is located in CHELMSFORD, in the CM1 postcode district. The below map shows the position of No. 121 on MELBOURNE AVENUE.