5, MULTON LEA, CHELMSFORD, CM1 6EF - £285,000

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.

5 MULTON LEA is a detached house, which could now be worth an estimated £1,324,013. It was last sold for £285,000 in May 1999, which was around 92% above the average May 1999 detached price in the Chelmsford local authority area.

5 MULTON LEA Sold Prices

Land registry data shows one sale for 5 MULTON LEA 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
1999 28 MAY	£285,000	£148,321	92% above HPI

What might 5 MULTON LEA be worth now?

5 MULTON LEA might now be worth an estimated £1,324,013.

This is based on house price inflation of 364.6%, between May 1999 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 364.6% inflationary increase is applied to the most recent sale price for 5 MULTON LEA of £285,000 on 28th May 1999. For the value to have increased from £285,000 to £1,324,013 over the 27 years to May 2026, the following assumptions must hold true:

• The value of 5 MULTON LEA has moved in line with the HPI for detached houses in the Chelmsford local authority area.
• The May 1999 sale price of £285,000 represented a fair market value for the property.
• The size, condition, and specification of 5 MULTON LEA has not materially changed since May 1999.

Where is 5 MULTON LEA?

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