8, CHELMER LEA, CHELMSFORD, CM2 7QG - £470,000

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.

8 CHELMER LEA is a midsized extended semi-detached house of 130m², built sometime between 1976 and 1982, which could now be worth an estimated £479,508. It was last sold for £470,000 in July 2024, which was around 17% above the average July 2024 semi-detached price in the Chelmsford local authority area. The most recent EPC inspection was January 2023, where the current energy rating was C, and the potential energy rating was B.

8 CHELMER LEA Sold Prices

Land registry data shows four sales for 8 CHELMER LEA since 1^st January 1995. The below table shows the price paid for the four sales, along with the average semi-detached price in the Chelmsford local authority area for the corresponding sale date. All of the four 8 CHELMER LEA 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
2024 18 JUL	£470,000	£403,316	17% above HPI
2020 11 JUN	£455,000	£353,784	29% above HPI
2003 21 NOV	£195,000	£180,721	8% above HPI
1997 17 JAN	£92,000	£64,097	44% above HPI

8 CHELMER LEA 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 four 8 CHELMER LEA sales between January 1997 and July 2024 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 June 2020 sale was for 29% above the HPI. So the extrapolation line tracks at 29% above the HPI over time, until the July 2024 sale, where it falls to 17% above the HPI. The line then continues to track at 17% above the HPI.

What might 8 CHELMER LEA be worth now?

8 CHELMER LEA might now be worth an estimated £479,508.

This is based on house price inflation of 2%, between July 2024 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 2% inflationary increase is applied to the most recent sale price for 8 CHELMER LEA of £470,000 on 18th July 2024. For the value to have increased from £470,000 to £479,508 over the one year and five months to February 2025, the following assumptions must hold true:

• The value of 8 CHELMER LEA has moved in line with the HPI for semi-detached houses in the Chelmsford local authority area.
• The July 2024 sale price of £470,000 represented a fair market value for the property.
• The size, condition, and specification of 8 CHELMER LEA has not materially changed since July 2024.

How Large is 8 CHELMER LEA?

8 CHELMER LEA is 130m², which includes two extensions, according to the EPC inspection conducted in January 2023. This puts it in the largest 50% of semi-detached houses houses in Chelmsford, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Chelmsford, and where 8 CHELMER LEA lies on this distribution: 58% of semi-detached houses houses are smaller than 8 CHELMER LEA, and 41% of houses are larger. Note that EPC data is not available for all properties in Chelmsford.

8 CHELMER LEA: Plot and Title Map

8 CHELMER LEA sits on a plot of roughly 0.063 of an acre, or 256m². The below map shows the location of 8 CHELMER LEA, 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 CHELMER LEA). 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 CHELMER LEA?

8 CHELMER LEA is located in CHELMSFORD, in the CM2 postcode district. The below map shows the position of No. 8 on CHELMER LEA.