40, THE DRIVE, CHELMSFORD, CM1 4JS - £415,000

40 THE DRIVE is a midsized extended detached house of 119m², built sometime between 1930 and 1949. It was last sold for £415,000 in March 2021, which was around 31% below the average March 2021 detached price in the Chelmsford local authority area. The most recent EPC inspection was May 2012, where the current energy rating was D, and the potential energy rating was C.

40 THE DRIVE Sold Prices

Land registry data shows five sales for 40 THE DRIVE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Chelmsford local authority area for the corresponding sale date. All of the five 40 THE 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
2021 19 MAR	£415,000	£598,971	31% below HPI
2015 26 NOV	£342,000	£496,541	31% below HPI
2012 7 DEC	£290,000	£384,248	25% below HPI
2007 27 JUL	£227,500	£379,815	40% below HPI
1999 8 FEB	£110,000	£139,864	21% below HPI

40 THE 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 five 40 THE DRIVE sales between February 1999 and March 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 November 2015 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the March 2021 sale, which was also at 31% below the HPI.

How Large is 40 THE DRIVE?

40 THE DRIVE is 119m², which includes one extension, according to the EPC inspection conducted in May 2012. This puts it in the largest 50% of detached houses in Chelmsford, based on EPC data. The below chart shows the distribution of detached houses by size in Chelmsford, and where 40 THE DRIVE lies on this distribution: 49% of detached houses are smaller than 40 THE DRIVE, and 50% of houses are larger. Note that EPC data is not available for all properties in Chelmsford.

40 THE DRIVE: Plot and Title Map

40 THE DRIVE sits on a plot of roughly 0.072 of an acre, or 291m². The below map shows the location of 40 THE 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 40 THE 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 40 THE DRIVE?

40 THE DRIVE is located in CHELMSFORD, in the CM1 postcode district. The below map shows the position of No. 40 on THE DRIVE.