3, THE MEADES, CHELMSFORD, CM2 0GT - £396,500

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 THE MEADES is a very small semi-detached house of 84m², built sometime between 1996 and 2002, which could now be worth an estimated £466,629. It was last sold for £396,500 in June 2021, which was around 8% above the average June 2021 semi-detached price in the Chelmsford local authority area. The most recent EPC inspection was June 2020, where the current energy rating was D, and the potential energy rating was B.

3 THE MEADES Sold Prices

Land registry data shows four sales for 3 THE MEADES since 1^st January 1995. The below table shows the price paid for the four sales, along with the average semi-detached price in the Chelmsford local authority area for the corresponding sale date. All of the four 3 THE MEADES 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 30 JUN	£396,500	£366,354	8% above HPI
2013 20 DEC	£270,000	£242,436	11% above HPI
2010 28 OCT	£249,999	£225,658	11% above HPI
2004 7 APR	£223,000	£187,214	19% above HPI

3 THE MEADES 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 four 3 THE MEADES sales between April 2004 and June 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 December 2013 sale was for 11% above the HPI. So the extrapolation line tracks at 11% above the HPI over time, until the June 2021 sale, where it falls to 8% above the HPI. The line then continues to track at 8% above the HPI.

What might 3 THE MEADES be worth now?

3 THE MEADES might now be worth an estimated £466,629.

This is based on house price inflation of 17.7%, between June 2021 and August 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 THE MEADES of £396,500 on 30th June 2021. For the value to have increased from £396,500 to £466,629 over the three years and ten months to August 2025, the following assumptions must hold true:

• The value of 3 THE MEADES has moved in line with the HPI for semi-detached houses in the Chelmsford local authority area.
• The June 2021 sale price of £396,500 represented a fair market value for the property.
• The size, condition, and specification of 3 THE MEADES has not materially changed since June 2021.

How Large is 3 THE MEADES?

3 THE MEADES is 84m² according to the EPC inspection conducted in June 2020. This puts it in the smallest 20% 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 THE MEADES lies on this distribution: 13% of semi-detached houses houses are smaller than 3 THE MEADES, and 86% of houses are larger. Note that EPC data is not available for all properties in Chelmsford.

3 THE MEADES: Plot and Title Map

3 THE MEADES sits on a plot of roughly 0.033 of an acre, or 132m². The below map shows the location of 3 THE MEADES, 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 MEADES). 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 MEADES?

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