8, BISHOP ROAD, CHELMSFORD, CM1 1PX - £405,750

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.

8 BISHOP ROAD is a very small extended terraced house of 79m², built sometime before 1900, which could now be worth an estimated £488,712. It was last sold for £405,750 in July 2020, which was around 42% above the average July 2020 terraced price in the Chelmsford local authority area. The most recent EPC inspection was April 2011, where the current energy rating was E, and the potential energy rating was D.

8 BISHOP ROAD Sold Prices

Land registry data shows six sales for 8 BISHOP ROAD since 1^st January 1995. The below table shows the price paid for the six sales, along with the average terraced price in the Chelmsford local authority area for the corresponding sale date. All of the six 8 BISHOP ROAD 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
2020 13 JUL	£405,750	£285,925	42% above HPI
2011 30 SEP	£237,000	£179,681	32% above HPI
2007 20 JUL	£240,000	£194,841	23% above HPI
2003 28 JUL	£190,000	£138,737	37% above HPI
1998 3 AUG	£88,000	£63,939	38% above HPI
1997 13 JUN	£74,995	£55,489	35% above HPI

8 BISHOP ROAD 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 six 8 BISHOP ROAD sales between June 1997 and July 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 September 2011 sale was for 32% above the HPI. So the extrapolation line tracks at 32% above the HPI over time, until the July 2020 sale, where it rises to 42% above the HPI. The line then continues to track at 42% above the HPI.

What might 8 BISHOP ROAD be worth now?

8 BISHOP ROAD might now be worth an estimated £488,712.

This is based on house price inflation of 20.4%, between July 2020 and June 2025, 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 20.4% inflationary increase is applied to the most recent sale price for 8 BISHOP ROAD of £405,750 on 13th July 2020. For the value to have increased from £405,750 to £488,712 over the five years and one month to June 2025, the following assumptions must hold true:

• The value of 8 BISHOP ROAD has moved in line with the HPI for terraced houses in the Chelmsford local authority area.
• The July 2020 sale price of £405,750 represented a fair market value for the property.
• The size, condition, and specification of 8 BISHOP ROAD has not materially changed since July 2020.

How Large is 8 BISHOP ROAD?

8 BISHOP ROAD is 79m², which includes two extensions, according to the EPC inspection conducted in April 2011. This puts it in the smallest 10% 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 8 BISHOP ROAD lies on this distribution: 10% of terraced houses houses are smaller than 8 BISHOP ROAD, and 90% of houses are larger. Note that EPC data is not available for all properties in Chelmsford.

8 BISHOP ROAD: Plot and Title Map

8 BISHOP ROAD sits on a plot of roughly 0.040 of an acre, or 161m². The below map shows the location of 8 BISHOP 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 8 BISHOP 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 8 BISHOP ROAD?

8 BISHOP ROAD is located in CHELMSFORD, in the CM1 postcode district. The below map shows the position of No. 8 on BISHOP ROAD.