243, GLOUCESTER AVENUE, CHELMSFORD, CM2 9DX - £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.

243 GLOUCESTER AVENUE is a very small terraced house of 74m², built sometime between 1967 and 1975, which could now be worth an estimated £410,420. It was last sold for £360,000 in September 2021, which was around 19% above the average September 2021 terraced price in the Chelmsford local authority area. The most recent EPC inspection was June 2021, where the current energy rating was D, and the potential energy rating was B.

243 GLOUCESTER AVENUE Sold Prices

Land registry data shows three sales for 243 GLOUCESTER AVENUE 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 243 GLOUCESTER AVENUE 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 24 SEP	£360,000	£302,079	19% above HPI
2010 9 JUL	£207,500	£185,799	12% above HPI
1997 30 APR	£62,000	£52,861	17% above HPI

243 GLOUCESTER AVENUE 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 243 GLOUCESTER AVENUE sales between April 1997 and September 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 July 2010 sale was for 12% above the HPI. So the extrapolation line tracks at 12% above the HPI over time, until the September 2021 sale, where it rises to 19% above the HPI. The line then continues to track at 19% above the HPI.

What might 243 GLOUCESTER AVENUE be worth now?

243 GLOUCESTER AVENUE might now be worth an estimated £410,420.

This is based on house price inflation of 14%, between September 2021 and June 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% inflationary increase is applied to the most recent sale price for 243 GLOUCESTER AVENUE of £360,000 on 24th September 2021. For the value to have increased from £360,000 to £410,420 over the four years and three months to June 2025, the following assumptions must hold true:

• The value of 243 GLOUCESTER AVENUE has moved in line with the HPI for terraced houses in the Chelmsford local authority area.
• The September 2021 sale price of £360,000 represented a fair market value for the property.
• The size, condition, and specification of 243 GLOUCESTER AVENUE has not materially changed since September 2021.

How Large is 243 GLOUCESTER AVENUE?

243 GLOUCESTER AVENUE is 74m² according to the EPC inspection conducted in June 2021. This puts it in the smallest 10% 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 243 GLOUCESTER AVENUE lies on this distribution: 7% of terraced houses houses are smaller than 243 GLOUCESTER AVENUE, and 93% of houses are larger. Note that EPC data is not available for all properties in Chelmsford.

243 GLOUCESTER AVENUE: Plot and Title Map

243 GLOUCESTER AVENUE sits on a plot of roughly 0.054 of an acre, or 220m². The below map shows the location of 243 GLOUCESTER AVENUE, 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 243 GLOUCESTER AVENUE). 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 243 GLOUCESTER AVENUE?

243 GLOUCESTER AVENUE is located in CHELMSFORD, in the CM2 postcode district. The below map shows the position of No. 243 on GLOUCESTER AVENUE.