2, BUTTERBUR CHASE, SOUTH WOODHAM FERRERS, CHELMSFORD, CM3 7AG - £360,000

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 BUTTERBUR CHASE is a large extended detached house of 139m², built sometime between 1983 and 1990, which could now be worth an estimated £575,377. It was last sold for £360,000 in March 2014, which was around 14% below the average March 2014 detached price in the Chelmsford local authority area. The most recent EPC inspection was July 2010, where the current energy rating was D, and the potential energy rating was D.

2 BUTTERBUR CHASE Sold Prices

Land registry data shows four sales for 2 BUTTERBUR CHASE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Chelmsford local authority area for the corresponding sale date. All of the four 2 BUTTERBUR CHASE 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
2014 14 MAR	£360,000	£418,431	14% below HPI
2010 3 NOV	£349,995	£381,430	8% below HPI
2002 27 JUN	£239,000	£248,349	4% below HPI
1995 30 MAR	£102,500	£107,447	5% below HPI

2 BUTTERBUR CHASE 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 four 2 BUTTERBUR CHASE sales between March 1995 and March 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 November 2010 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the March 2014 sale, where it falls to 14% below the HPI. The line then continues to track at 14% below the HPI.

What might 2 BUTTERBUR CHASE be worth now?

2 BUTTERBUR CHASE might now be worth an estimated £575,377.

This is based on house price inflation of 59.8%, between March 2014 and March 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 59.8% inflationary increase is applied to the most recent sale price for 2 BUTTERBUR CHASE of £360,000 on 14th March 2014. For the value to have increased from £360,000 to £575,377 over the eleven years to March 2025, the following assumptions must hold true:

• The value of 2 BUTTERBUR CHASE has moved in line with the HPI for detached houses in the Chelmsford local authority area.
• The March 2014 sale price of £360,000 represented a fair market value for the property.
• The size, condition, and specification of 2 BUTTERBUR CHASE has not materially changed since March 2014.

How Large is 2 BUTTERBUR CHASE?

2 BUTTERBUR CHASE is 139m², which includes one extension, according to the EPC inspection conducted in July 2010. This puts it in the largest 30% of detached houses houses in South Woodham Ferrers, based on EPC data. The below chart shows the distribution of detached houses houses by size in South Woodham Ferrers, and where 2 BUTTERBUR CHASE lies on this distribution: 76% of detached houses houses are smaller than 2 BUTTERBUR CHASE, and 24% of houses are larger. Note that EPC data is not available for all properties in South Woodham Ferrers.

2 BUTTERBUR CHASE: Plot and Title Map

2 BUTTERBUR CHASE sits on a plot of roughly 0.107 of an acre, or 434m². The below map shows the location of 2 BUTTERBUR CHASE, 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 2 BUTTERBUR CHASE). 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 2 BUTTERBUR CHASE?

2 BUTTERBUR CHASE is located in SOUTH WOODHAM FERRERS, in the CM3 postcode district. The below map shows the position of No. 2 on BUTTERBUR CHASE.