3, NURSERY ROAD, CHELMSFORD, CM2 9PJ - £365,000

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 NURSERY ROAD is a very small terraced house of 70m², built sometime between 1900 and 1929, which could now be worth an estimated £417,913. It was last sold for £365,000 in March 2021, which was around 21% above the average March 2021 terraced price in the Chelmsford local authority area. The most recent EPC inspection was November 2018, where the current energy rating was D, and the potential energy rating was B.

3 NURSERY ROAD Sold Prices

Land registry data shows three sales for 3 NURSERY ROAD 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 3 NURSERY ROAD 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 2 MAR	£365,000	£300,783	21% above HPI
2000 31 JUL	£111,995	£83,457	34% above HPI
1999 1 JUL	£76,000	£67,655	12% above HPI

3 NURSERY ROAD 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 3 NURSERY ROAD sales between July 1999 and March 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 2000 sale was for 34% above the HPI. So the extrapolation line tracks at 34% above the HPI over time, until the March 2021 sale, where it falls to 21% above the HPI. The line then continues to track at 21% above the HPI.

What might 3 NURSERY ROAD be worth now?

3 NURSERY ROAD might now be worth an estimated £417,913.

This is based on house price inflation of 14.5%, between March 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 14.5% inflationary increase is applied to the most recent sale price for 3 NURSERY ROAD of £365,000 on 2nd March 2021. For the value to have increased from £365,000 to £417,913 over the three years and nine months to June 2025, the following assumptions must hold true:

• The value of 3 NURSERY ROAD has moved in line with the HPI for terraced houses in the Chelmsford local authority area.
• The March 2021 sale price of £365,000 represented a fair market value for the property.
• The size, condition, and specification of 3 NURSERY ROAD has not materially changed since March 2021.

How Large is 3 NURSERY ROAD?

3 NURSERY ROAD is 70m² according to the EPC inspection conducted in November 2018. 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 3 NURSERY ROAD lies on this distribution: 5% of terraced houses houses are smaller than 3 NURSERY ROAD, and 95% of houses are larger. Note that EPC data is not available for all properties in Chelmsford.

3 NURSERY ROAD: Plot and Title Map

3 NURSERY ROAD sits on a plot of roughly 0.031 of an acre, or 127m². The below map shows the location of 3 NURSERY ROAD, 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 NURSERY ROAD). 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 NURSERY ROAD?

3 NURSERY ROAD is located in CHELMSFORD, in the CM2 postcode district. The below map shows the position of No. 3 on NURSERY ROAD.