38, PADDOCK DRIVE, CHELMSFORD, CM1 6SS - £375,000

38 PADDOCK DRIVE is a small extended detached house of 100m², built sometime between 1967 and 1975. It was last sold for £375,000 in October 2019, which was around 36% below the average October 2019 detached price in the Chelmsford local authority area. The most recent EPC inspection was March 2019, where the current energy rating was D, and the potential energy rating was C.

38 PADDOCK DRIVE Sold Prices

Land registry data shows three sales for 38 PADDOCK DRIVE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Chelmsford local authority area for the corresponding sale date. All of the three 38 PADDOCK DRIVE 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
2019 11 OCT	£375,000	£587,605	36% below HPI
2007 22 MAY	£250,000	£370,376	33% below HPI
1999 11 JAN	£98,000	£141,034	31% below HPI

38 PADDOCK DRIVE 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 three 38 PADDOCK DRIVE sales between January 1999 and October 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 May 2007 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the October 2019 sale, where it falls to 36% below the HPI. The line then continues to track at 36% below the HPI.

How Large is 38 PADDOCK DRIVE?

38 PADDOCK DRIVE is 100m², which includes two extensions, according to the EPC inspection conducted in March 2019. This puts it in the smallest 30% of detached houses in Chelmsford, based on EPC data. The below chart shows the distribution of detached houses by size in Chelmsford, and where 38 PADDOCK DRIVE lies on this distribution: 30% of detached houses are smaller than 38 PADDOCK DRIVE, and 69% of houses are larger. Note that EPC data is not available for all properties in Chelmsford.

38 PADDOCK DRIVE: Plot and Title Map

38 PADDOCK DRIVE sits on a plot of roughly 0.055 of an acre, or 224m². The below map shows the location of 38 PADDOCK 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 38 PADDOCK 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 38 PADDOCK DRIVE?

38 PADDOCK DRIVE is located in CHELMSFORD, in the CM1 postcode district. The below map shows the position of No. 38 on PADDOCK DRIVE.