3, LILY CLOSE, CHELMSFORD, CM1 6YN - £273,000

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.

3 LILY CLOSE is a very small extended semi-detached house of 75m², built sometime between 1983 and 1990, which could now be worth an estimated £321,411. It was last sold for £273,000 in October 2018, which was around 22% below the average October 2018 semi-detached price in the Chelmsford local authority area. The most recent EPC inspection was August 2018, where the current energy rating was C, and the potential energy rating was B.

3 LILY CLOSE Sold Prices

Land registry data shows five sales for 3 LILY CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average semi-detached price in the Chelmsford local authority area for the corresponding sale date. All of the five 3 LILY 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
2018 31 OCT	£273,000	£349,499	22% below HPI
2008 7 NOV	£174,000	£206,177	16% below HPI
2006 1 DEC	£181,500	£215,985	16% below HPI
2003 7 MAR	£144,950	£167,964	14% below HPI
1995 23 MAR	£55,000	£62,395	12% below HPI

3 LILY CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Chelmsford local authority area over time, sourced from the HPI. The five 3 LILY CLOSE sales between March 1995 and October 2018 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 November 2008 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the October 2018 sale, where it falls to 22% below the HPI. The line then continues to track at 22% below the HPI.

What might 3 LILY CLOSE be worth now?

3 LILY CLOSE might now be worth an estimated £321,411.

This is based on house price inflation of 17.7%, between October 2018 and February 2025, for semi-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 17.7% inflationary increase is applied to the most recent sale price for 3 LILY CLOSE of £273,000 on 31st October 2018. For the value to have increased from £273,000 to £321,411 over the seven years and eight months to February 2025, the following assumptions must hold true:

• The value of 3 LILY CLOSE has moved in line with the HPI for semi-detached houses in the Chelmsford local authority area.
• The October 2018 sale price of £273,000 represented a fair market value for the property.
• The size, condition, and specification of 3 LILY CLOSE has not materially changed since October 2018.

How Large is 3 LILY CLOSE?

3 LILY CLOSE is 75m², which includes one extension, according to the EPC inspection conducted in August 2018. This puts it in the smallest 10% of semi-detached houses houses in Chelmsford, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Chelmsford, and where 3 LILY CLOSE lies on this distribution: 7% of semi-detached houses houses are smaller than 3 LILY CLOSE, and 92% of houses are larger. Note that EPC data is not available for all properties in Chelmsford.

3 LILY CLOSE: Plot and Title Map

3 LILY CLOSE sits on a plot of roughly 0.034 of an acre, or 138m². The below map shows the location of 3 LILY 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 3 LILY 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 3 LILY CLOSE?

3 LILY CLOSE is located in CHELMSFORD, in the CM1 postcode district. The below map shows the position of No. 3 on LILY CLOSE.