2, BOONS CLOSE, BOREHAM, CHELMSFORD, CM3 3GX - £300,000

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.

2 BOONS CLOSE is a detached house, which could now be worth an estimated £623,463. It was last sold for £300,000 in June 2005, which was around 10% below the average June 2005 detached price in the Chelmsford local authority area.

2 BOONS CLOSE Sold Prices

Land registry data shows two sales for 2 BOONS CLOSE 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. One of the two 2 BOONS CLOSE sales was for below the average price, whilst the other was 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
2005 17 JUN	£300,000	£331,559	10% below HPI
2001 22 FEB	£209,950	£197,565	6% above HPI

What might 2 BOONS CLOSE be worth now?

2 BOONS CLOSE might now be worth an estimated £623,463.

This is based on house price inflation of 107.8%, between June 2005 and May 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 107.8% inflationary increase is applied to the most recent sale price for 2 BOONS CLOSE of £300,000 on 17th June 2005. For the value to have increased from £300,000 to £623,463 over the 21 years and one month to May 2026, the following assumptions must hold true:

• The value of 2 BOONS CLOSE has moved in line with the HPI for detached houses in the Chelmsford local authority area.
• The June 2005 sale price of £300,000 represented a fair market value for the property.
• The size, condition, and specification of 2 BOONS CLOSE has not materially changed since June 2005.

Where is 2 BOONS CLOSE?

2 BOONS CLOSE is located in BOREHAM, in the CM3 postcode district.