56, CHERWELL DRIVE, CHELMSFORD, CM1 2JL - £275,000

56 CHERWELL DRIVE is a small extended detached house of 92m², built sometime between 1950 and 1966. It was last sold for £275,000 in September 2017, which was around 51% below the average September 2017 detached price in the Chelmsford local authority area. The most recent EPC inspection was June 2017, where the current energy rating was E, and the potential energy rating was B.

56 CHERWELL DRIVE Sold Prices

Land registry data shows two sales for 56 CHERWELL DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Chelmsford local authority area for the corresponding sale date. Both of the two 56 CHERWELL 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
2017 1 SEP	£275,000	£562,830	51% below HPI
2004 30 JUL	£135,000	£319,375	58% below HPI

56 CHERWELL 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 two 56 CHERWELL DRIVE sales from July 2004 and September 2017 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 July 2004 sale was for 58% below the HPI. So the extrapolation line tracks at 58% below the HPI over time, until the September 2017 sale, where it rises to 51% below the HPI. The line then continues to track at 51% below the HPI.

How Large is 56 CHERWELL DRIVE?

56 CHERWELL DRIVE is 92m², which includes three extensions, according to the EPC inspection conducted in June 2017. This puts it in the smallest 30% of detached houses in Chelmsford, based on EPC data. The below chart shows the distribution of detached houses by size in Chelmsford, and where 56 CHERWELL DRIVE lies on this distribution: 21% of detached houses are smaller than 56 CHERWELL DRIVE, and 79% of houses are larger. Note that EPC data is not available for all properties in Chelmsford.

56 CHERWELL DRIVE: Plot and Title Map

56 CHERWELL DRIVE sits on a plot of roughly 0.059 of an acre, or 237m². The below map shows the location of 56 CHERWELL 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 56 CHERWELL 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 56 CHERWELL DRIVE?

56 CHERWELL DRIVE is located in CHELMSFORD, in the CM1 postcode district. The below map shows the position of No. 56 on CHERWELL DRIVE.