2, ORCHARD CLOSE, HATFIELD PEVEREL, CHELMSFORD, CM3 2RZ - £505,000

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 ORCHARD CLOSE is a small semi-detached house of 92m², built sometime between 1983 and 1990, which could now be worth an estimated £506,008. It was last sold for £505,000 in February 2023, which was around 50% above the average February 2023 semi-detached price in the Braintree local authority area. The most recent EPC inspection was July 2022, where the current energy rating was C, and the potential energy rating was B.

2 ORCHARD CLOSE Sold Prices

Land registry data shows three sales for 2 ORCHARD CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the Braintree local authority area for the corresponding sale date. All of the three 2 ORCHARD CLOSE sales were 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
2023 21 FEB	£505,000	£335,821	50% above HPI
2010 29 JAN	£216,000	£180,226	20% above HPI
2006 30 NOV	£210,000	£186,458	13% above HPI

2 ORCHARD CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Braintree local authority area over time, sourced from the HPI. The three 2 ORCHARD CLOSE sales between November 2006 and February 2023 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 2010 sale was for 20% above the HPI. So the extrapolation line tracks at 20% above the HPI over time, until the February 2023 sale, where it rises to 50% above the HPI. The line then continues to track at 50% above the HPI.

What might 2 ORCHARD CLOSE be worth now?

2 ORCHARD CLOSE might now be worth an estimated £506,008.

This is based on house price inflation of 0.2%, between February 2023 and February 2025, for semi-detached houses, in the Braintree local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 0.2% inflationary increase is applied to the most recent sale price for 2 ORCHARD CLOSE of £505,000 on 21st February 2023. For the value to have increased from £505,000 to £506,008 over the two years to February 2025, the following assumptions must hold true:

• The value of 2 ORCHARD CLOSE has moved in line with the HPI for semi-detached houses in the Braintree local authority area.
• The February 2023 sale price of £505,000 represented a fair market value for the property.
• The size, condition, and specification of 2 ORCHARD CLOSE has not materially changed since February 2023.

How Large is 2 ORCHARD CLOSE?

2 ORCHARD CLOSE is 92m² according to the EPC inspection conducted in July 2022. This puts it in the smallest 30% of semi-detached houses houses in Hatfield Peverel, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Hatfield Peverel, and where 2 ORCHARD CLOSE lies on this distribution: 25% of semi-detached houses houses are smaller than 2 ORCHARD CLOSE, and 72% of houses are larger. Note that EPC data is not available for all properties in Hatfield Peverel.

2 ORCHARD CLOSE: Plot and Title Map

2 ORCHARD CLOSE sits on a plot of roughly 0.072 of an acre, or 290m². The below map shows the location of 2 ORCHARD CLOSE, 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 ORCHARD CLOSE). 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 ORCHARD CLOSE?

2 ORCHARD CLOSE is located in HATFIELD PEVEREL, in the CM3 postcode district. The below map shows the position of No. 2 on ORCHARD CLOSE.