5, LODGE VALE, SPRINGFIELD, CHELMSFORD, CM1 6AX - £563,000

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 LODGE VALE is a midsized extended terraced house of 114m², built sometime from 2012 onwards, which could now be worth an estimated £566,633. It was last sold for £563,000 in June 2022, which was around 67% above the average June 2022 terraced price in the Chelmsford local authority area. The most recent EPC inspection was October 2021, where the current energy rating was B, and the potential energy rating was B.

5 LODGE VALE Sold Prices

Land registry data shows three sales for 5 LODGE VALE 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. All of the three 5 LODGE VALE 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 24 JUN	£563,000	£336,916	67% above HPI
2022 31 MAY	£565,000	£329,364	72% above HPI
2017 17 JUL	£505,000	£278,580	81% above HPI

5 LODGE VALE 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 5 LODGE VALE sales between July 2017 and June 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 2022 sale was for 72% above the HPI. So the extrapolation line tracks at 72% above the HPI over time, until the June 2022 sale, where it falls to 67% above the HPI. The line then continues to track at 67% above the HPI.

What might 5 LODGE VALE be worth now?

5 LODGE VALE might now be worth an estimated £566,633.

This is based on house price inflation of 0.6%, between June 2022 and July 2026, 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 0.6% inflationary increase is applied to the most recent sale price for 5 LODGE VALE of £563,000 on 24th June 2022. For the value to have increased from £563,000 to £566,633 over the three years and eleven months to July 2026, the following assumptions must hold true:

• The value of 5 LODGE VALE has moved in line with the HPI for terraced houses in the Chelmsford local authority area.
• The June 2022 sale price of £563,000 represented a fair market value for the property.
• The size, condition, and specification of 5 LODGE VALE has not materially changed since June 2022.

How Large is 5 LODGE VALE?

5 LODGE VALE is 114m², which includes one extension, according to the EPC inspection conducted in October 2021. This puts it in the smallest 50% 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 5 LODGE VALE lies on this distribution: 43% of terraced houses houses are smaller than 5 LODGE VALE, and 56% of houses are larger. Note that EPC data is not available for all properties in Chelmsford.

5 LODGE VALE: Plot and Title Map

5 LODGE VALE sits on a plot of roughly 0.048 of an acre, or 195m². The below map shows the location of 5 LODGE VALE, 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 LODGE VALE). 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 LODGE VALE?

5 LODGE VALE is located in SPRINGFIELD, in the CM1 postcode district. The below map shows the position of No. 5 on LODGE VALE.