3, THE LAURELS, SOUTH WOODHAM FERRERS, CHELMSFORD, CM3 5LH - £472,000

3 THE LAURELS is a small extended detached house of 98m², built sometime between 1976 and 1982. It was last sold for £472,000 in February 2023, which was around 30% below the average February 2023 detached price in the Chelmsford local authority area. The most recent EPC inspection was August 2022, where the current energy rating was C, and the potential energy rating was B.

3 THE LAURELS Sold Prices

Land registry data shows two sales for 3 THE LAURELS since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Chelmsford local authority area for the corresponding sale date. Both of the two 3 THE LAURELS 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
2023 20 FEB	£472,000	£676,555	30% below HPI
1999 24 MAY	£111,500	£146,756	24% below HPI

3 THE LAURELS 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 two 3 THE LAURELS sales from May 1999 and February 2023 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 May 1999 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the February 2023 sale, where it falls to 30% below the HPI. The line then continues to track at 30% below the HPI.

How Large is 3 THE LAURELS?

3 THE LAURELS is 98m², which includes one extension, according to the EPC inspection conducted in August 2022. This puts it in the smallest 40% of detached houses in South Woodham Ferrers, based on EPC data. The below chart shows the distribution of detached houses by size in South Woodham Ferrers, and where 3 THE LAURELS lies on this distribution: 33% of detached houses are smaller than 3 THE LAURELS, and 66% of houses are larger. Note that EPC data is not available for all properties in South Woodham Ferrers.

3 THE LAURELS: Plot and Title Map

3 THE LAURELS sits on a plot of roughly 0.070 of an acre, or 283m². The below map shows the location of 3 THE LAURELS, 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 THE LAURELS). 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 THE LAURELS?

3 THE LAURELS is located in SOUTH WOODHAM FERRERS, in the CM3 postcode district. The below map shows the position of No. 3 on THE LAURELS.