21, MULTON LEA, CHELMSFORD, CM1 6EF - £492,000

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.

21 MULTON LEA is a detached house, which could now be worth an estimated £1,040,837. It was last sold for £492,000 in March 2005, which was around 51% above the average March 2005 detached price in the Chelmsford local authority area.

21 MULTON LEA Sold Prices

Land registry data shows two sales for 21 MULTON LEA 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 21 MULTON 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
2005 29 MAR	£492,000	£325,711	51% above HPI
1999 20 DEC	£370,000	£168,864	119% above HPI

What might 21 MULTON LEA be worth now?

21 MULTON LEA might now be worth an estimated £1,040,837.

This is based on house price inflation of 111.6%, between March 2005 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 111.6% inflationary increase is applied to the most recent sale price for 21 MULTON LEA of £492,000 on 29th March 2005. For the value to have increased from £492,000 to £1,040,837 over the twenty years and ten months to May 2026, the following assumptions must hold true:

• The value of 21 MULTON LEA has moved in line with the HPI for detached houses in the Chelmsford local authority area.
• The March 2005 sale price of £492,000 represented a fair market value for the property.
• The size, condition, and specification of 21 MULTON LEA has not materially changed since March 2005.

Where is 21 MULTON LEA?

21 MULTON LEA is located in CHELMSFORD, in the CM1 postcode district.