381, MAIN ROAD, BROOMFIELD, CHELMSFORD, CM1 7EJ - £445,000

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.

381 MAIN ROAD is a very small semi-detached house of 59m², built sometime between 1950 and 1966, which could now be worth an estimated £439,464. It was last sold for £445,000 in February 2023, which was around 7% above the average February 2023 semi-detached price in the Chelmsford local authority area. The most recent EPC inspection was January 2014, where the current energy rating was C, and the potential energy rating was B.

381 MAIN ROAD Sold Prices

Land registry data shows two sales for 381 MAIN ROAD since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Chelmsford local authority area for the corresponding sale date. One of the two 381 MAIN ROAD sales was for above the average price, whilst the other was 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 2 FEB	£445,000	£416,658	7% above HPI
1999 22 NOV	£70,000	£93,235	25% below HPI

381 MAIN ROAD 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 two 381 MAIN ROAD sales from November 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 November 1999 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the February 2023 sale, where it rises to 7% above the HPI. The line then continues to track at 7% above the HPI.

What might 381 MAIN ROAD be worth now?

381 MAIN ROAD might now be worth an estimated £439,464.

This is based on house price deflation of 1.2%, between February 2023 and February 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 1.2% deflationary decrease is applied to the most recent sale price for 381 MAIN ROAD of £445,000 on 2nd February 2023. For the value to have decreased from £445,000 to £439,464 over the two years to February 2025, the following assumptions must hold true:

• The value of 381 MAIN ROAD has moved in line with the HPI for semi-detached houses in the Chelmsford local authority area.
• The February 2023 sale price of £445,000 represented a fair market value for the property.
• The size, condition, and specification of 381 MAIN ROAD has not materially changed since February 2023.

How Large is 381 MAIN ROAD?

381 MAIN ROAD is 59m² according to the EPC inspection conducted in January 2014. This puts it in the smallest 10% of semi-detached houses houses in Broomfield, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Broomfield, and where 381 MAIN ROAD lies on this distribution: 3% of semi-detached houses houses are smaller than 381 MAIN ROAD, and 97% of houses are larger. Note that EPC data is not available for all properties in Broomfield.

381 MAIN ROAD: Plot and Title Map

381 MAIN ROAD sits on a plot of roughly 0.094 of an acre, or 381m². The below map shows the location of 381 MAIN 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 381 MAIN 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 381 MAIN ROAD?

381 MAIN ROAD is located in BROOMFIELD, in the CM1 postcode district. The below map shows the position of No. 381 on MAIN ROAD.