18, COWDRIE WAY, SPRINGFIELD, CHELMSFORD, CM2 6GL - £318,000

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 COWDRIE WAY is a small detached house of 99m², which could now be worth an estimated £575,730. It was last sold for £318,000 in September 2010, which was around 16% below the average September 2010 detached price in the Chelmsford local authority area. The most recent EPC inspection was September 2008, where the current energy rating was C, and the potential energy rating was C.

18 COWDRIE WAY Sold Prices

Land registry data shows two sales for 18 COWDRIE WAY 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 18 COWDRIE WAY 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
2010 27 SEP	£318,000	£376,723	16% below HPI
2001 15 JUN	£194,000	£205,180	5% below HPI

18 COWDRIE WAY 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 18 COWDRIE WAY sales from June 2001 and September 2010 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 June 2001 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the September 2010 sale, where it falls to 16% below the HPI. The line then continues to track at 16% below the HPI.

What might 18 COWDRIE WAY be worth now?

18 COWDRIE WAY might now be worth an estimated £575,730.

This is based on house price inflation of 81%, between September 2010 and July 2026, 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 81% inflationary increase is applied to the most recent sale price for 18 COWDRIE WAY of £318,000 on 27th September 2010. For the value to have increased from £318,000 to £575,730 over the sixteen years and two months to July 2026, the following assumptions must hold true:

• The value of 18 COWDRIE WAY has moved in line with the HPI for detached houses in the Chelmsford local authority area.
• The September 2010 sale price of £318,000 represented a fair market value for the property.
• The size, condition, and specification of 18 COWDRIE WAY has not materially changed since September 2010.

How Large is 18 COWDRIE WAY?

18 COWDRIE WAY is 99m² according to the EPC inspection conducted in September 2008. This puts it in the smallest 30% of detached houses in Chelmsford, based on EPC data. The below chart shows the distribution of detached houses by size in Chelmsford, and where 18 COWDRIE WAY lies on this distribution: 27% of detached houses are smaller than 18 COWDRIE WAY, and 72% of detached houses are larger. Note that EPC data is not available for all properties in Chelmsford.

18 COWDRIE WAY: Plot

18 COWDRIE WAY sits on a plot of roughly 0.074 of an acre, or 299m².

Where is 18 COWDRIE WAY?

18 COWDRIE WAY is located in SPRINGFIELD, in the CM2 postcode district.