54, ALBERT ROAD, SOUTH WOODHAM FERRERS, CHELMSFORD, CM3 5LS - £360,000

54 ALBERT ROAD is a very small detached house of 74m², built sometime between 1983 and 1990. It was last sold for £360,000 in August 2020, which was around 39% below the average August 2020 detached price in the Chelmsford local authority area. The most recent EPC inspection was May 2020, where the current energy rating was D, and the potential energy rating was B.

54 ALBERT ROAD Sold Prices

Land registry data shows six sales for 54 ALBERT ROAD since 1^st January 1995. The below table shows the price paid for the six sales, along with the average detached price in the Chelmsford local authority area for the corresponding sale date. All of the six 54 ALBERT ROAD 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
2020 21 AUG	£360,000	£585,467	39% below HPI
2014 14 MAR	£249,995	£414,017	40% below HPI
2007 13 APR	£249,995	£363,680	31% below HPI
2005 29 APR	£210,000	£320,173	34% below HPI
2002 6 SEP	£155,000	£260,272	40% below HPI
1998 30 JUN	£85,000	£137,353	38% below HPI

54 ALBERT ROAD 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 six 54 ALBERT ROAD sales between June 1998 and August 2020 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 March 2014 sale was for 40% below the HPI. So the extrapolation line tracks at 40% below the HPI over time, until the August 2020 sale, where it rises to 39% below the HPI. The line then continues to track at 39% below the HPI.

How Large is 54 ALBERT ROAD?

54 ALBERT ROAD is 74m² according to the EPC inspection conducted in May 2020. This puts it in the smallest 10% of detached houses in South Woodham Ferrers, based on EPC data. The below chart shows the distribution of detached houses by size in South Woodham Ferrers, and where 54 ALBERT ROAD lies on this distribution: 9% of detached houses are smaller than 54 ALBERT ROAD, and 91% of houses are larger. Note that EPC data is not available for all properties in South Woodham Ferrers.

54 ALBERT ROAD: Plot and Title Map

54 ALBERT ROAD sits on a plot of roughly 0.074 of an acre, or 300m². The below map shows the location of 54 ALBERT 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 54 ALBERT 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 54 ALBERT ROAD?

54 ALBERT ROAD is located in SOUTH WOODHAM FERRERS, in the CM3 postcode district. The below map shows the position of No. 54 on ALBERT ROAD.