38, PINES ROAD, CHELMSFORD, CM1 2DL - £228,000

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.

38 PINES ROAD is a very small terraced house of 75m², built sometime between 1950 and 1966, which could now be worth an estimated £325,050. It was last sold for £228,000 in October 2015, which was around 6% below the average October 2015 terraced price in the Chelmsford local authority area. The most recent EPC inspection was July 2009, where the current energy rating was C, and the potential energy rating was C.

38 PINES ROAD Sold Prices

Land registry data shows three sales for 38 PINES 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. Two of the three 38 PINES ROAD sales were for below the average price, whilst one was 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
2015 22 OCT	£228,000	£242,006	6% below HPI
2004 5 AUG	£179,995	£159,738	13% above HPI
2001 10 JUL	£75,000	£91,838	18% below HPI

38 PINES 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 38 PINES ROAD sales between July 2001 and October 2015 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 August 2004 sale was for 13% above the HPI. So the extrapolation line tracks at 13% above the HPI over time, until the October 2015 sale, where it falls to 6% below the HPI. The line then continues to track at 6% below the HPI.

What might 38 PINES ROAD be worth now?

38 PINES ROAD might now be worth an estimated £325,050.

This is based on house price inflation of 42.6%, between October 2015 and July 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 42.6% inflationary increase is applied to the most recent sale price for 38 PINES ROAD of £228,000 on 22nd October 2015. For the value to have increased from £228,000 to £325,050 over the ten years and three months to July 2025, the following assumptions must hold true:

• The value of 38 PINES ROAD has moved in line with the HPI for terraced houses in the Chelmsford local authority area.
• The October 2015 sale price of £228,000 represented a fair market value for the property.
• The size, condition, and specification of 38 PINES ROAD has not materially changed since October 2015.

How Large is 38 PINES ROAD?

38 PINES ROAD is 75m² according to the EPC inspection conducted in July 2009. 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 38 PINES ROAD lies on this distribution: 7% of terraced houses houses are smaller than 38 PINES ROAD, and 93% of houses are larger. Note that EPC data is not available for all properties in Chelmsford.

38 PINES ROAD: Plot and Title Map

38 PINES ROAD sits on a plot of roughly 0.123 of an acre, or 498m². The below map shows the location of 38 PINES 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 38 PINES 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 38 PINES ROAD?

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