24, PEARL SQUARE, CHELMSFORD, CM2 9FP - £410,000

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.

24 PEARL SQUARE is a midsized extended terraced house of 118m², built sometime from 2007 onwards, which could now be worth an estimated £471,166. It was last sold for £410,000 in February 2021, which was around 37% above the average February 2021 terraced price in the Chelmsford local authority area. The most recent EPC inspection was February 2020, where the current energy rating was C, and the potential energy rating was B.

24 PEARL SQUARE Sold Prices

Land registry data shows three sales for 24 PEARL SQUARE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Chelmsford local authority area for the corresponding sale date. All of the three 24 PEARL SQUARE 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
2021 17 FEB	£410,000	£300,095	37% above HPI
2016 4 MAR	£390,000	£253,329	54% above HPI
2011 15 APR	£319,500	£186,097	72% above HPI

24 PEARL SQUARE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Chelmsford local authority area over time, sourced from the HPI. The three 24 PEARL SQUARE sales between April 2011 and February 2021 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 March 2016 sale was for 54% above the HPI. So the extrapolation line tracks at 54% above the HPI over time, until the February 2021 sale, where it falls to 37% above the HPI. The line then continues to track at 37% above the HPI.

What might 24 PEARL SQUARE be worth now?

24 PEARL SQUARE might now be worth an estimated £471,166.

This is based on house price inflation of 14.9%, between February 2021 and August 2025, for terraced 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 14.9% inflationary increase is applied to the most recent sale price for 24 PEARL SQUARE of £410,000 on 17th February 2021. For the value to have increased from £410,000 to £471,166 over the three years and six months to August 2025, the following assumptions must hold true:

• The value of 24 PEARL SQUARE has moved in line with the HPI for terraced houses in the Chelmsford local authority area.
• The February 2021 sale price of £410,000 represented a fair market value for the property.
• The size, condition, and specification of 24 PEARL SQUARE has not materially changed since February 2021.

How Large is 24 PEARL SQUARE?

24 PEARL SQUARE is 118m², which includes two extensions, according to the EPC inspection conducted in February 2020. This puts it in the smallest 50% of terraced houses houses in Chelmsford, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Chelmsford, and where 24 PEARL SQUARE lies on this distribution: 48% of terraced houses houses are smaller than 24 PEARL SQUARE, and 51% of houses are larger. Note that EPC data is not available for all properties in Chelmsford.

24 PEARL SQUARE: Plot and Title Map

24 PEARL SQUARE sits on a plot of roughly 0.037 of an acre, or 151m². The below map shows the location of 24 PEARL SQUARE, 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 24 PEARL SQUARE). 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 24 PEARL SQUARE?

24 PEARL SQUARE is located in CHELMSFORD, in the CM2 postcode district. The below map shows the position of No. 24 on PEARL SQUARE.