1A, MITCHELL WAY, SOUTH WOODHAM FERRERS, CHELMSFORD, CM3 5PJ - £260,000

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.

1A MITCHELL WAY is a very small extended terraced house of 66m², built sometime from 2007 onwards, which could now be worth an estimated £313,448. It was last sold for £260,000 in November 2020, which was around 9% below the average November 2020 terraced price in the Chelmsford local authority area. The most recent EPC inspection was May 2020, where the current energy rating was C, and the potential energy rating was B.

1A MITCHELL WAY Sold Prices

Land registry data shows two sales for 1A MITCHELL WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Chelmsford local authority area for the corresponding sale date. Both of the two 1A MITCHELL 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
2020 30 NOV	£260,000	£285,663	9% below HPI
2014 24 JAN	£180,000	£197,754	9% below HPI

1A MITCHELL WAY 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 two 1A MITCHELL WAY sales from January 2014 and November 2020 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 January 2014 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the November 2020 sale, which was also at 9% below the HPI.

What might 1A MITCHELL WAY be worth now?

1A MITCHELL WAY might now be worth an estimated £313,448.

This is based on house price inflation of 20.6%, between November 2020 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 20.6% inflationary increase is applied to the most recent sale price for 1A MITCHELL WAY of £260,000 on 30th November 2020. For the value to have increased from £260,000 to £313,448 over the five years and five months to June 2025, the following assumptions must hold true:

• The value of 1A MITCHELL WAY has moved in line with the HPI for terraced houses in the Chelmsford local authority area.
• The November 2020 sale price of £260,000 represented a fair market value for the property.
• The size, condition, and specification of 1A MITCHELL WAY has not materially changed since November 2020.

How Large is 1A MITCHELL WAY?

1A MITCHELL WAY is 66m², which includes one extension, according to the EPC inspection conducted in May 2020. This puts it in the smallest 10% of terraced houses houses in South Woodham Ferrers, based on EPC data. The below chart shows the distribution of terraced houses houses by size in South Woodham Ferrers, and where 1A MITCHELL WAY lies on this distribution: 4% of terraced houses houses are smaller than 1A MITCHELL WAY, and 95% of houses are larger. Note that EPC data is not available for all properties in South Woodham Ferrers.

1A MITCHELL WAY: Plot and Title Map

1A MITCHELL WAY sits on a plot of roughly 0.035 of an acre, or 141m². The below map shows the location of 1A MITCHELL WAY, 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 1A MITCHELL WAY). 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 1A MITCHELL WAY?

1A MITCHELL WAY is located in SOUTH WOODHAM FERRERS, in the CM3 postcode district. The below map shows the position of No. 1A on MITCHELL WAY.