16, MULTON LEA, CHELMSFORD, CM1 6EF - £492,500

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.

16 MULTON LEA is a very large detached house of 228m², built sometime between 1996 and 2002, which could now be worth an estimated £1,093,949. It was last sold for £492,500 in June 2003, which was around 64% above the average June 2003 detached price in the Chelmsford local authority area. The most recent EPC inspection was April 2011, where the current energy rating was C, and the potential energy rating was C.

16 MULTON LEA Sold Prices

Land registry data shows two sales for 16 MULTON LEA since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Chelmsford local authority area for the corresponding sale date. Both of the two 16 MULTON LEA 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
2003 20 JUN	£492,500	£299,611	64% above HPI
2000 29 FEB	£235,000	£175,227	34% above HPI

16 MULTON LEA 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 two 16 MULTON LEA sales from February 2000 and June 2003 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 February 2000 sale was for 34% above the HPI. So the extrapolation line tracks at 34% above the HPI over time, until the June 2003 sale, where it rises to 64% above the HPI. The line then continues to track at 64% above the HPI.

What might 16 MULTON LEA be worth now?

16 MULTON LEA might now be worth an estimated £1,093,949.

This is based on house price inflation of 122.1%, between June 2003 and February 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 122.1% inflationary increase is applied to the most recent sale price for 16 MULTON LEA of £492,500 on 20th June 2003. For the value to have increased from £492,500 to £1,093,949 over the 22 years and four months to February 2025, the following assumptions must hold true:

• The value of 16 MULTON LEA has moved in line with the HPI for detached houses in the Chelmsford local authority area.
• The June 2003 sale price of £492,500 represented a fair market value for the property.
• The size, condition, and specification of 16 MULTON LEA has not materially changed since June 2003.

How Large is 16 MULTON LEA?

16 MULTON LEA is 228m² according to the EPC inspection conducted in April 2011. This puts it in the largest 10% of detached houses houses in Chelmsford, based on EPC data. The below chart shows the distribution of detached houses houses by size in Chelmsford, and where 16 MULTON LEA lies on this distribution: 95% of detached houses houses are smaller than 16 MULTON LEA, and 5% of houses are larger. Note that EPC data is not available for all properties in Chelmsford.

16 MULTON LEA: Plot and Title Map

16 MULTON LEA sits on a plot of roughly 0.112 of an acre, or 455m². The below map shows the location of 16 MULTON LEA, 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 16 MULTON LEA). 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 16 MULTON LEA?

16 MULTON LEA is located in CHELMSFORD, in the CM1 postcode district. The below map shows the position of No. 16 on MULTON LEA.