48, THE CHASE, SOUTH WOODHAM FERRERS, CHELMSFORD, CM3 5PY - £432,000

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.

48 THE CHASE is a small extended semi-detached house of 96m², built sometime between 1930 and 1949, which could now be worth an estimated £438,856. It was last sold for £432,000 in November 2022, which was around 2% above the average November 2022 semi-detached price in the Chelmsford local authority area. The most recent EPC inspection was June 2022, where the current energy rating was D, and the potential energy rating was B.

48 THE CHASE Sold Prices

Land registry data shows four sales for 48 THE CHASE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average semi-detached price in the Chelmsford local authority area for the corresponding sale date. All of the four 48 THE CHASE 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
2022 29 NOV	£432,000	£424,064	2% above HPI
2019 13 SEP	£360,000	£357,407	1% above HPI
2011 24 JUN	£245,000	£224,413	9% above HPI
1997 23 DEC	£80,000	£76,660	4% above HPI

48 THE CHASE 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 four 48 THE CHASE sales between December 1997 and November 2022 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 September 2019 sale was for 1% above the HPI. So the extrapolation line tracks at 1% above the HPI over time, until the November 2022 sale, where it rises to 2% above the HPI. The line then continues to track at 2% above the HPI.

What might 48 THE CHASE be worth now?

48 THE CHASE might now be worth an estimated £438,856.

This is based on house price inflation of 1.6%, between November 2022 and June 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 1.6% inflationary increase is applied to the most recent sale price for 48 THE CHASE of £432,000 on 29th November 2022. For the value to have increased from £432,000 to £438,856 over the three years and five months to June 2025, the following assumptions must hold true:

• The value of 48 THE CHASE has moved in line with the HPI for semi-detached houses in the Chelmsford local authority area.
• The November 2022 sale price of £432,000 represented a fair market value for the property.
• The size, condition, and specification of 48 THE CHASE has not materially changed since November 2022.

How Large is 48 THE CHASE?

48 THE CHASE is 96m², which includes one extension, according to the EPC inspection conducted in June 2022. This puts it in the smallest 40% of semi-detached houses houses in South Woodham Ferrers, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in South Woodham Ferrers, and where 48 THE CHASE lies on this distribution: 31% of semi-detached houses houses are smaller than 48 THE CHASE, and 68% of houses are larger. Note that EPC data is not available for all properties in South Woodham Ferrers.

48 THE CHASE: Plot and Title Map

48 THE CHASE sits on a plot of roughly 0.102 of an acre, or 413m². The below map shows the location of 48 THE CHASE, 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 48 THE CHASE). 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 48 THE CHASE?

48 THE CHASE is located in SOUTH WOODHAM FERRERS, in the CM3 postcode district. The below map shows the position of No. 48 on THE CHASE.