5, GREAT SMIALS, SOUTH WOODHAM FERRERS, CHELMSFORD, CM3 5WN - £475,000

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.

5 GREAT SMIALS is a small extended detached house of 97m², built sometime between 1983 and 1990, which could now be worth an estimated £456,961. It was last sold for £475,000 in September 2022, which was around 32% below the average September 2022 detached price in the Chelmsford local authority area. The most recent EPC inspection was October 2016, where the current energy rating was D, and the potential energy rating was B.

5 GREAT SMIALS Sold Prices

Land registry data shows four sales for 5 GREAT SMIALS since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Chelmsford local authority area for the corresponding sale date. All of the four 5 GREAT SMIALS 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
2022 15 SEP	£475,000	£695,166	32% below HPI
2021 10 MAY	£365,000	£593,804	39% below HPI
2017 12 MAY	£350,000	£559,923	37% below HPI
1999 20 AUG	£106,500	£155,149	31% below HPI

5 GREAT SMIALS 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 four 5 GREAT SMIALS sales between August 1999 and September 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 May 2021 sale was for 39% below the HPI. So the extrapolation line tracks at 39% below the HPI over time, until the September 2022 sale, where it rises to 32% below the HPI. The line then continues to track at 32% below the HPI.

What might 5 GREAT SMIALS be worth now?

5 GREAT SMIALS might now be worth an estimated £456,961.

This is based on house price deflation of 3.8%, between September 2022 and March 2025, for 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 3.8% deflationary decrease is applied to the most recent sale price for 5 GREAT SMIALS of £475,000 on 15th September 2022. For the value to have decreased from £475,000 to £456,961 over the three years and six months to March 2025, the following assumptions must hold true:

• The value of 5 GREAT SMIALS has moved in line with the HPI for detached houses in the Chelmsford local authority area.
• The September 2022 sale price of £475,000 represented a fair market value for the property.
• The size, condition, and specification of 5 GREAT SMIALS has not materially changed since September 2022.

How Large is 5 GREAT SMIALS?

5 GREAT SMIALS is 97m², which includes one extension, according to the EPC inspection conducted in October 2016. This puts it in the smallest 40% of detached houses houses in South Woodham Ferrers, based on EPC data. The below chart shows the distribution of detached houses houses by size in South Woodham Ferrers, and where 5 GREAT SMIALS lies on this distribution: 32% of detached houses houses are smaller than 5 GREAT SMIALS, and 67% of houses are larger. Note that EPC data is not available for all properties in South Woodham Ferrers.

5 GREAT SMIALS: Plot and Title Map

5 GREAT SMIALS sits on a plot of roughly 0.059 of an acre, or 237m². The below map shows the location of 5 GREAT SMIALS, 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 5 GREAT SMIALS). 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 5 GREAT SMIALS?

5 GREAT SMIALS is located in SOUTH WOODHAM FERRERS, in the CM3 postcode district. The below map shows the position of No. 5 on GREAT SMIALS.