8, ELMS DRIVE, CHELMSFORD, CM1 1RH - £475,000

8 ELMS DRIVE is a very small detached house of 74m², built sometime between 1950 and 1966. It was last sold for £475,000 in November 2022, which was around 31% below the average November 2022 detached price in the Chelmsford local authority area. The most recent EPC inspection was May 2022, where the current energy rating was D, and the potential energy rating was B.

8 ELMS DRIVE Sold Prices

Land registry data shows three sales for 8 ELMS DRIVE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Chelmsford local authority area for the corresponding sale date. All of the three 8 ELMS 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
2022 30 NOV	£475,000	£691,361	31% below HPI
2013 25 OCT	£229,995	£398,628	42% below HPI
2002 27 SEP	£175,000	£260,272	33% below HPI

8 ELMS 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 three 8 ELMS DRIVE sales between September 2002 and November 2022 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 October 2013 sale was for 42% below the HPI. So the extrapolation line tracks at 42% below the HPI over time, until the November 2022 sale, where it rises to 31% below the HPI. The line then continues to track at 31% below the HPI.

How Large is 8 ELMS DRIVE?

8 ELMS DRIVE is 74m² according to the EPC inspection conducted in May 2022. This puts it in the smallest 10% of detached houses in Chelmsford, based on EPC data. The below chart shows the distribution of detached houses by size in Chelmsford, and where 8 ELMS DRIVE lies on this distribution: 7% of detached houses are smaller than 8 ELMS DRIVE, and 93% of houses are larger. Note that EPC data is not available for all properties in Chelmsford.

8 ELMS DRIVE: Plot and Title Map

8 ELMS DRIVE sits on a plot of roughly 0.083 of an acre, or 337m². The below map shows the location of 8 ELMS 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 8 ELMS 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 8 ELMS DRIVE?

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