BANSTEAD, OLD WICKFORD ROAD, SOUTH WOODHAM FERRERS, CHELMSFORD, CM3 5QS - £375,000

BANSTEAD is a small extended detached house of 89m², built sometime between 1930 and 1949. It was last sold for £375,000 in January 2018, which was around 34% below the average January 2018 detached price in the Chelmsford local authority area. The most recent EPC inspection was September 2017, where the current energy rating was E, and the potential energy rating was C.

BANSTEAD Sold Prices

Land registry data shows five sales for BANSTEAD since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Chelmsford local authority area for the corresponding sale date. All of the five BANSTEAD 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 5 JAN	£375,000	£568,081	34% below HPI
2014 16 MAY	£263,000	£417,314	37% below HPI
2007 18 APR	£248,000	£363,680	32% below HPI
2003 28 AUG	£195,000	£297,562	34% below HPI
1997 20 MAR	£74,000	£112,071	34% below HPI

BANSTEAD 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 five BANSTEAD sales between March 1997 and January 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 May 2014 sale was for 37% below the HPI. So the extrapolation line tracks at 37% below the HPI over time, until the January 2018 sale, where it rises to 34% below the HPI. The line then continues to track at 34% below the HPI.

How Large is BANSTEAD?

BANSTEAD is 89m², which includes one extension, according to the EPC inspection conducted in September 2017. This puts it in the smallest 30% of detached houses in South Woodham Ferrers, based on EPC data. The below chart shows the distribution of detached houses by size in South Woodham Ferrers, and where BANSTEAD lies on this distribution: 22% of detached houses are smaller than BANSTEAD, and 77% of houses are larger. Note that EPC data is not available for all properties in South Woodham Ferrers.

BANSTEAD: Plot and Title Map

BANSTEAD sits on a plot of roughly 0.078 of an acre, or 316m². The below map shows the location of BANSTEAD, 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 BANSTEAD). 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 BANSTEAD?

BANSTEAD is located on OLD WICKFORD ROAD in SOUTH WOODHAM FERRERS, in the CM3 postcode district. The below map shows the position of BANSTEAD on OLD WICKFORD ROAD.