18, BLACKSMITH CLOSE, SPRINGFIELD, CHELMSFORD, CM1 6SY - £235,000

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.

18 BLACKSMITH CLOSE is a very small terraced house of 80m², built sometime between 1983 and 1990, which could now be worth an estimated £389,151. It was last sold for £235,000 in May 2014, which was around 13% above the average May 2014 terraced price in the Chelmsford local authority area. The most recent EPC inspection was September 2024, where the current energy rating was C, and the potential energy rating was B.

18 BLACKSMITH CLOSE Sold Prices

Land registry data shows four sales for 18 BLACKSMITH CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average terraced price in the Chelmsford local authority area for the corresponding sale date. Most of the four 18 BLACKSMITH CLOSE 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
2014 23 MAY	£235,000	£207,968	13% above HPI
2011 5 AUG	£180,000	£181,313	1% below HPI
2010 6 OCT	£196,000	£184,274	6% above HPI
2005 1 JUL	£183,000	£165,302	11% above HPI

18 BLACKSMITH CLOSE 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 four 18 BLACKSMITH CLOSE sales between July 2005 and May 2014 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 August 2011 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the May 2014 sale, where it rises to 13% above the HPI. The line then continues to track at 13% above the HPI.

What might 18 BLACKSMITH CLOSE be worth now?

18 BLACKSMITH CLOSE might now be worth an estimated £389,151.

This is based on house price inflation of 65.6%, between May 2014 and June 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 65.6% inflationary increase is applied to the most recent sale price for 18 BLACKSMITH CLOSE of £235,000 on 23rd May 2014. For the value to have increased from £235,000 to £389,151 over the ten years and eleven months to June 2025, the following assumptions must hold true:

• The value of 18 BLACKSMITH CLOSE has moved in line with the HPI for terraced houses in the Chelmsford local authority area.
• The May 2014 sale price of £235,000 represented a fair market value for the property.
• The size, condition, and specification of 18 BLACKSMITH CLOSE has not materially changed since May 2014.

How Large is 18 BLACKSMITH CLOSE?

18 BLACKSMITH CLOSE is 80m² according to the EPC inspection conducted in September 2024. This puts it in the smallest 20% 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 18 BLACKSMITH CLOSE lies on this distribution: 10% of terraced houses houses are smaller than 18 BLACKSMITH CLOSE, and 89% of houses are larger. Note that EPC data is not available for all properties in Chelmsford.

18 BLACKSMITH CLOSE: Plot and Title Map

18 BLACKSMITH CLOSE sits on a plot of roughly 0.031 of an acre, or 126m². The below map shows the location of 18 BLACKSMITH CLOSE, 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 18 BLACKSMITH CLOSE). 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 18 BLACKSMITH CLOSE?

18 BLACKSMITH CLOSE is located in SPRINGFIELD, in the CM1 postcode district. The below map shows the position of No. 18 on BLACKSMITH CLOSE.