2, YONGE CLOSE, BOREHAM, CHELMSFORD, CM3 3GY - £255,000

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 YONGE CLOSE is a very small detached house of 62m², built sometime between 1996 and 2002, which could now be worth an estimated £347,878. It was last sold for £255,000 in September 2015, which was around 48% below the average September 2015 detached price in the Chelmsford local authority area. The most recent EPC inspection was March 2015, where the current energy rating was D, and the potential energy rating was B.

2 YONGE CLOSE Sold Prices

Land registry data shows five sales for 2 YONGE CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Chelmsford local authority area for the corresponding sale date. All of the five 2 YONGE CLOSE 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
2015 11 SEP	£255,000	£487,822	48% below HPI
2009 2 JUN	£185,000	£328,076	44% below HPI
2008 5 DEC	£200,000	£336,025	40% below HPI
2004 30 JAN	£178,000	£308,663	42% below HPI
2001 30 MAR	£114,995	£198,645	42% below HPI

2 YONGE CLOSE 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 five 2 YONGE CLOSE sales between March 2001 and September 2015 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 June 2009 sale was for 44% below the HPI. So the extrapolation line tracks at 44% below the HPI over time, until the September 2015 sale, where it falls to 48% below the HPI. The line then continues to track at 48% below the HPI.

What might 2 YONGE CLOSE be worth now?

2 YONGE CLOSE might now be worth an estimated £347,878.

This is based on house price inflation of 36.4%, between September 2015 and February 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 36.4% inflationary increase is applied to the most recent sale price for 2 YONGE CLOSE of £255,000 on 11th September 2015. For the value to have increased from £255,000 to £347,878 over the ten years and seven months to February 2025, the following assumptions must hold true:

• The value of 2 YONGE CLOSE has moved in line with the HPI for detached houses in the Chelmsford local authority area.
• The September 2015 sale price of £255,000 represented a fair market value for the property.
• The size, condition, and specification of 2 YONGE CLOSE has not materially changed since September 2015.

How Large is 2 YONGE CLOSE?

2 YONGE CLOSE is 62m² according to the EPC inspection conducted in March 2015. This puts it in the smallest 10% of detached houses houses in Boreham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Boreham, and where 2 YONGE CLOSE lies on this distribution: 2% of detached houses houses are smaller than 2 YONGE CLOSE, and 98% of houses are larger. Note that EPC data is not available for all properties in Boreham.

2 YONGE CLOSE: Plot and Title Map

2 YONGE CLOSE sits on a plot of roughly 0.046 of an acre, or 186m². The below map shows the location of 2 YONGE 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 YONGE 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 YONGE CLOSE?

2 YONGE CLOSE is located in BOREHAM, in the CM3 postcode district. The below map shows the position of No. 2 on YONGE CLOSE.