318, LINNET DRIVE, CHELMSFORD, CM2 8AL - £322,500

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.

318 LINNET DRIVE is a very small terraced house of 74m², built sometime between 1976 and 1982, which could now be worth an estimated £391,118. It was last sold for £322,500 in August 2019, which was around 13% above the average August 2019 terraced price in the Chelmsford local authority area. The most recent EPC inspection was May 2011, where the current energy rating was D, and the potential energy rating was C.

318 LINNET DRIVE Sold Prices

Land registry data shows two sales for 318 LINNET DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Chelmsford local authority area for the corresponding sale date. Both of the two 318 LINNET DRIVE 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
2019 30 AUG	£322,500	£284,362	13% above HPI
1999 10 DEC	£86,500	£75,362	15% above HPI

318 LINNET DRIVE 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 two 318 LINNET DRIVE sales from December 1999 and August 2019 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 1999 sale was for 15% above the HPI. So the extrapolation line tracks at 15% above the HPI over time, until the August 2019 sale, where it falls to 13% above the HPI. The line then continues to track at 13% above the HPI.

What might 318 LINNET DRIVE be worth now?

318 LINNET DRIVE might now be worth an estimated £391,118.

This is based on house price inflation of 21.3%, between August 2019 and August 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 21.3% inflationary increase is applied to the most recent sale price for 318 LINNET DRIVE of £322,500 on 30th August 2019. For the value to have increased from £322,500 to £391,118 over the six years to August 2025, the following assumptions must hold true:

• The value of 318 LINNET DRIVE has moved in line with the HPI for terraced houses in the Chelmsford local authority area.
• The August 2019 sale price of £322,500 represented a fair market value for the property.
• The size, condition, and specification of 318 LINNET DRIVE has not materially changed since August 2019.

How Large is 318 LINNET DRIVE?

318 LINNET DRIVE is 74m² according to the EPC inspection conducted in May 2011. 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 318 LINNET DRIVE lies on this distribution: 7% of terraced houses houses are smaller than 318 LINNET DRIVE, and 93% of houses are larger. Note that EPC data is not available for all properties in Chelmsford.

318 LINNET DRIVE: Plot and Title Map

318 LINNET DRIVE sits on a plot of roughly 0.092 of an acre, or 374m². The below map shows the location of 318 LINNET DRIVE, 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 318 LINNET DRIVE). 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 318 LINNET DRIVE?

318 LINNET DRIVE is located in CHELMSFORD, in the CM2 postcode district. The below map shows the position of No. 318 on LINNET DRIVE.