15, MURRELL LOCK, CHELMSFORD, CM2 6SW - £480,000

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.

15 MURRELL LOCK is a small semi-detached house of 100m², built sometime between 1976 and 1982, which could now be worth an estimated £467,220. It was last sold for £480,000 in December 2022, which was around 14% above the average December 2022 semi-detached price in the Chelmsford local authority area. The most recent EPC inspection was June 2022, where the current energy rating was D, and the potential energy rating was B.

15 MURRELL LOCK Sold Prices

Land registry data shows two sales for 15 MURRELL LOCK 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 15 MURRELL LOCK 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
2022 5 DEC	£480,000	£422,730	14% above HPI
2007 30 OCT	£318,000	£236,938	34% above HPI

15 MURRELL LOCK 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 15 MURRELL LOCK sales from October 2007 and December 2022 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 2007 sale was for 34% above the HPI. So the extrapolation line tracks at 34% above the HPI over time, until the December 2022 sale, where it falls to 14% above the HPI. The line then continues to track at 14% above the HPI.

What might 15 MURRELL LOCK be worth now?

15 MURRELL LOCK might now be worth an estimated £467,220.

This is based on house price deflation of 2.7%, between December 2022 and February 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 2.7% deflationary decrease is applied to the most recent sale price for 15 MURRELL LOCK of £480,000 on 5th December 2022. For the value to have decreased from £480,000 to £467,220 over the three years and ten months to February 2025, the following assumptions must hold true:

• The value of 15 MURRELL LOCK has moved in line with the HPI for semi-detached houses in the Chelmsford local authority area.
• The December 2022 sale price of £480,000 represented a fair market value for the property.
• The size, condition, and specification of 15 MURRELL LOCK has not materially changed since December 2022.

How Large is 15 MURRELL LOCK?

15 MURRELL LOCK is 100m² according to the EPC inspection conducted in June 2022. This puts it in the smallest 30% 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 15 MURRELL LOCK lies on this distribution: 29% of semi-detached houses houses are smaller than 15 MURRELL LOCK, and 70% of houses are larger. Note that EPC data is not available for all properties in Chelmsford.

15 MURRELL LOCK: Plot and Title Map

15 MURRELL LOCK sits on a plot of roughly 0.114 of an acre, or 460m². The below map shows the location of 15 MURRELL LOCK, 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 15 MURRELL LOCK). 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 15 MURRELL LOCK?

15 MURRELL LOCK is located in CHELMSFORD, in the CM2 postcode district. The below map shows the position of No. 15 on MURRELL LOCK.