7, FITCH CLOSE, SPRINGFIELD, CHELMSFORD, CM1 6DA - £506,995

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.

7 FITCH CLOSE is a large detached house of 142m², built in 2019, which could now be worth an estimated £588,571. It was last sold for £506,995 in July 2019, which was around 15% below the average July 2019 detached price in the Chelmsford local authority area. The most recent EPC inspection was February 2019, where the current energy rating was B, and the potential energy rating was A.

7 FITCH CLOSE Sold Prices

Land registry data shows one sale for 7 FITCH CLOSE 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
2019 12 JUL	£506,995	£593,547	15% below HPI

What might 7 FITCH CLOSE be worth now?

7 FITCH CLOSE might now be worth an estimated £588,571.

This is based on house price inflation of 16.1%, between July 2019 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 16.1% inflationary increase is applied to the most recent sale price for 7 FITCH CLOSE of £506,995 on 12th July 2019. For the value to have increased from £506,995 to £588,571 over the seven years and two months to May 2026, the following assumptions must hold true:

• The value of 7 FITCH CLOSE has moved in line with the HPI for detached houses in the Chelmsford local authority area.
• The July 2019 sale price of £506,995 represented a fair market value for the property.
• The size, condition, and specification of 7 FITCH CLOSE has not materially changed since July 2019.

How Large is 7 FITCH CLOSE?

7 FITCH CLOSE is 142m² according to the EPC inspection conducted in February 2019. This puts it in the largest 40% of detached houses in Chelmsford, based on EPC data. The below chart shows the distribution of detached houses by size in Chelmsford, and where 7 FITCH CLOSE lies on this distribution: 67% of detached houses are smaller than 7 FITCH CLOSE, and 33% of detached houses are larger. Note that EPC data is not available for all properties in Chelmsford.

7 FITCH CLOSE: Plot

7 FITCH CLOSE sits on a plot of roughly 0.071 of an acre, or 288m².

Where is 7 FITCH CLOSE?

7 FITCH CLOSE is located in SPRINGFIELD, in the CM1 postcode district.