PENNINGTON, LINKS DRIVE, CHELMSFORD, CM2 9AW - £430,000

PENNINGTON is a very large extended detached house of 185m², built sometime between 1950 and 1966. It was last sold for £430,000 in March 2004, which was around 38% above the average March 2004 detached price in the Chelmsford local authority area. The most recent EPC inspection was January 2019, where the current energy rating was D, and the potential energy rating was C.

PENNINGTON Sold Prices

Land registry data shows two sales for PENNINGTON since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Chelmsford local authority area for the corresponding sale date. Both of the two PENNINGTON 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
2004 5 MAR	£430,000	£310,731	38% above HPI
1999 24 SEP	£248,000	£156,881	58% above HPI

PENNINGTON 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 two PENNINGTON sales from September 1999 and March 2004 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 1999 sale was for 58% above the HPI. So the extrapolation line tracks at 58% above the HPI over time, until the March 2004 sale, where it falls to 38% above the HPI. The line then continues to track at 38% above the HPI.

How Large is PENNINGTON?

PENNINGTON is 185m², which includes three extensions, according to the EPC inspection conducted in January 2019. This puts it in the largest 20% of detached houses in Chelmsford, based on EPC data. The below chart shows the distribution of detached houses by size in Chelmsford, and where PENNINGTON lies on this distribution: 87% of detached houses are smaller than PENNINGTON, and 12% of houses are larger. Note that EPC data is not available for all properties in Chelmsford.

PENNINGTON: Plot and Title Map

PENNINGTON sits on a plot of roughly 0.170 of an acre, or 687m². The below map shows the location of PENNINGTON, 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 PENNINGTON). 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 PENNINGTON?

PENNINGTON is located on LINKS DRIVE in CHELMSFORD, in the CM2 postcode district. The below map shows the position of PENNINGTON on LINKS DRIVE.