62, THE CHASE, BOREHAM, CHELMSFORD, CM3 3DE - £295,000

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.

62 THE CHASE is a very small semi-detached house of 75m², built sometime between 1930 and 1949, which could now be worth an estimated £346,367. It was last sold for £295,000 in December 2018, which was around 16% below the average December 2018 semi-detached price in the Chelmsford local authority area. The most recent EPC inspection was January 2016, where the current energy rating was C, and the potential energy rating was B.

62 THE CHASE Sold Prices

Land registry data shows two sales for 62 THE CHASE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Chelmsford local authority area for the corresponding sale date. Both of the two 62 THE CHASE 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
2018 7 DEC	£295,000	£350,452	16% below HPI
2017 5 APR	£275,000	£334,587	18% below HPI

62 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 two 62 THE CHASE sales from April 2017 and December 2018 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 April 2017 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the December 2018 sale, where it rises to 16% below the HPI. The line then continues to track at 16% below the HPI.

What might 62 THE CHASE be worth now?

62 THE CHASE might now be worth an estimated £346,367.

This is based on house price inflation of 17.4%, between December 2018 and February 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 17.4% inflationary increase is applied to the most recent sale price for 62 THE CHASE of £295,000 on 7th December 2018. For the value to have increased from £295,000 to £346,367 over the seven years and ten months to February 2025, the following assumptions must hold true:

• The value of 62 THE CHASE has moved in line with the HPI for semi-detached houses in the Chelmsford local authority area.
• The December 2018 sale price of £295,000 represented a fair market value for the property.
• The size, condition, and specification of 62 THE CHASE has not materially changed since December 2018.

How Large is 62 THE CHASE?

62 THE CHASE is 75m² according to the EPC inspection conducted in January 2016. This puts it in the smallest 10% of semi-detached houses houses in Boreham, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Boreham, and where 62 THE CHASE lies on this distribution: 8% of semi-detached houses houses are smaller than 62 THE CHASE, and 92% of houses are larger. Note that EPC data is not available for all properties in Boreham.

62 THE CHASE: Plot and Title Map

62 THE CHASE sits on a plot of roughly 0.068 of an acre, or 274m². The below map shows the location of 62 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 62 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 62 THE CHASE?

62 THE CHASE is located in BOREHAM, in the CM3 postcode district. The below map shows the position of No. 62 on THE CHASE.