7, LETTONS CHASE, SOUTH WOODHAM FERRERS, CHELMSFORD, CM3 5GB - £355,000

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.

7 LETTONS CHASE is a very small detached house of 81m², built sometime between 1983 and 1990, which could now be worth an estimated £399,988. It was last sold for £355,000 in July 2019, which was around 40% below the average July 2019 detached price in the Chelmsford local authority area. The most recent EPC inspection was May 2019, where the current energy rating was C, and the potential energy rating was B.

7 LETTONS CHASE Sold Prices

Land registry data shows four sales for 7 LETTONS CHASE 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 7 LETTONS 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
2019 10 JUL	£355,000	£593,547	40% below HPI
2015 3 DEC	£303,000	£500,732	39% below HPI
2009 14 MAY	£212,500	£323,978	34% below HPI
2001 29 MAY	£123,000	£201,013	39% below HPI

7 LETTONS CHASE 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 7 LETTONS CHASE sales between May 2001 and July 2019 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 December 2015 sale was for 39% below the HPI. So the extrapolation line tracks at 39% below the HPI over time, until the July 2019 sale, where it falls to 40% below the HPI. The line then continues to track at 40% below the HPI.

What might 7 LETTONS CHASE be worth now?

7 LETTONS CHASE might now be worth an estimated £399,988.

This is based on house price inflation of 12.7%, between July 2019 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 12.7% inflationary increase is applied to the most recent sale price for 7 LETTONS CHASE of £355,000 on 10th July 2019. For the value to have increased from £355,000 to £399,988 over the six years and four months to March 2025, the following assumptions must hold true:

• The value of 7 LETTONS CHASE has moved in line with the HPI for detached houses in the Chelmsford local authority area.
• The July 2019 sale price of £355,000 represented a fair market value for the property.
• The size, condition, and specification of 7 LETTONS CHASE has not materially changed since July 2019.

How Large is 7 LETTONS CHASE?

7 LETTONS CHASE is 81m² according to the EPC inspection conducted in May 2019. This puts it in the smallest 20% 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 7 LETTONS CHASE lies on this distribution: 14% of detached houses houses are smaller than 7 LETTONS CHASE, and 85% of houses are larger. Note that EPC data is not available for all properties in South Woodham Ferrers.

7 LETTONS CHASE: Plot and Title Map

7 LETTONS CHASE sits on a plot of roughly 0.055 of an acre, or 223m². The below map shows the location of 7 LETTONS 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 7 LETTONS 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 7 LETTONS CHASE?

7 LETTONS CHASE is located in SOUTH WOODHAM FERRERS, in the CM3 postcode district. The below map shows the position of No. 7 on LETTONS CHASE.