2, INKERPOLE PLACE, CHELMSFORD, CM2 6UD - £455,000

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 INKERPOLE PLACE is a midsized extended detached house of 118m², built sometime between 1976 and 1982, which could now be worth an estimated £534,147. It was last sold for £455,000 in August 2019, which was around 23% below the average August 2019 detached price in the Chelmsford local authority area. The most recent EPC inspection was June 2019, where the current energy rating was C, and the potential energy rating was B.

2 INKERPOLE PLACE Sold Prices

Land registry data shows three sales for 2 INKERPOLE PLACE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Chelmsford local authority area for the corresponding sale date. All of the three 2 INKERPOLE PLACE 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
2019 15 AUG	£455,000	£590,266	23% below HPI
2004 6 FEB	£190,000	£309,727	39% below HPI
1997 17 OCT	£96,500	£131,832	27% below HPI

2 INKERPOLE PLACE 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 three 2 INKERPOLE PLACE sales between October 1997 and August 2019 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 February 2004 sale was for 39% below the HPI. So the extrapolation line tracks at 39% below the HPI over time, until the August 2019 sale, where it rises to 23% below the HPI. The line then continues to track at 23% below the HPI.

What might 2 INKERPOLE PLACE be worth now?

2 INKERPOLE PLACE might now be worth an estimated £534,147.

This is based on house price inflation of 17.4%, between August 2019 and August 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 17.4% inflationary increase is applied to the most recent sale price for 2 INKERPOLE PLACE of £455,000 on 15th August 2019. For the value to have increased from £455,000 to £534,147 over the six years to August 2025, the following assumptions must hold true:

• The value of 2 INKERPOLE PLACE has moved in line with the HPI for detached houses in the Chelmsford local authority area.
• The August 2019 sale price of £455,000 represented a fair market value for the property.
• The size, condition, and specification of 2 INKERPOLE PLACE has not materially changed since August 2019.

How Large is 2 INKERPOLE PLACE?

2 INKERPOLE PLACE is 118m², which includes two extensions, according to the EPC inspection conducted in June 2019. This puts it in the smallest 50% of detached houses houses in Chelmsford, based on EPC data. The below chart shows the distribution of detached houses houses by size in Chelmsford, and where 2 INKERPOLE PLACE lies on this distribution: 48% of detached houses houses are smaller than 2 INKERPOLE PLACE, and 51% of houses are larger. Note that EPC data is not available for all properties in Chelmsford.

2 INKERPOLE PLACE: Plot and Title Map

2 INKERPOLE PLACE sits on a plot of roughly 0.073 of an acre, or 294m². The below map shows the location of 2 INKERPOLE PLACE, 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 INKERPOLE PLACE). 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 INKERPOLE PLACE?

2 INKERPOLE PLACE is located in CHELMSFORD, in the CM2 postcode district. The below map shows the position of No. 2 on INKERPOLE PLACE.