2, LOUVAIN DRIVE, SPRINGFIELD, CHELMSFORD, CM1 6BA - £495,000

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.

2 LOUVAIN DRIVE is a midsized detached house of 112m², built sometime between 1996 and 2002, which could now be worth an estimated £624,622. It was last sold for £495,000 in September 2016, which was around 9% below the average September 2016 detached price in the Chelmsford local authority area. The most recent EPC inspection was July 2016, where the current energy rating was D, and the potential energy rating was C.

2 LOUVAIN DRIVE Sold Prices

Land registry data shows one sale for 2 LOUVAIN DRIVE since 1^st January 1995. The below table shows the price paid for the one sale, along with the average detached price in the Chelmsford local authority area for the corresponding sale date. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2016 29 SEP	£495,000	£546,057	9% below HPI

What might 2 LOUVAIN DRIVE be worth now?

2 LOUVAIN DRIVE might now be worth an estimated £624,622.

This is based on house price inflation of 26.2%, between September 2016 and May 2026, for 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 26.2% inflationary increase is applied to the most recent sale price for 2 LOUVAIN DRIVE of £495,000 on 29th September 2016. For the value to have increased from £495,000 to £624,622 over the ten years and four months to May 2026, the following assumptions must hold true:

• The value of 2 LOUVAIN DRIVE has moved in line with the HPI for detached houses in the Chelmsford local authority area.
• The September 2016 sale price of £495,000 represented a fair market value for the property.
• The size, condition, and specification of 2 LOUVAIN DRIVE has not materially changed since September 2016.

How Large is 2 LOUVAIN DRIVE?

2 LOUVAIN DRIVE is 112m² according to the EPC inspection conducted in July 2016. This puts it in the smallest 50% of detached houses in Chelmsford, based on EPC data. The below chart shows the distribution of detached houses by size in Chelmsford, and where 2 LOUVAIN DRIVE lies on this distribution: 41% of detached houses are smaller than 2 LOUVAIN DRIVE, and 57% of detached houses are larger. Note that EPC data is not available for all properties in Chelmsford.

2 LOUVAIN DRIVE: Plot

2 LOUVAIN DRIVE sits on a plot of roughly 0.089 of an acre, or 360m².

Where is 2 LOUVAIN DRIVE?

2 LOUVAIN DRIVE is located in SPRINGFIELD, in the CM1 postcode district.