9, MULTON LEA, CHELMSFORD, CM1 6EF - £402,000

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.

9 MULTON LEA is a very small detached house of 76m², built sometime between 1996 and 2002, which could now be worth an estimated £476,741. It was last sold for £402,000 in September 2018, which was around 31% below the average September 2018 detached price in the Chelmsford local authority area. The most recent EPC inspection was July 2018, where the current energy rating was D, and the potential energy rating was B.

9 MULTON LEA Sold Prices

Land registry data shows one sale for 9 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
2018 5 SEP	£402,000	£581,023	31% below HPI

What might 9 MULTON LEA be worth now?

9 MULTON LEA might now be worth an estimated £476,741.

This is based on house price inflation of 18.6%, between September 2018 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 18.6% inflationary increase is applied to the most recent sale price for 9 MULTON LEA of £402,000 on 5th September 2018. For the value to have increased from £402,000 to £476,741 over the eight years and four months to May 2026, the following assumptions must hold true:

• The value of 9 MULTON LEA has moved in line with the HPI for detached houses in the Chelmsford local authority area.
• The September 2018 sale price of £402,000 represented a fair market value for the property.
• The size, condition, and specification of 9 MULTON LEA has not materially changed since September 2018.

How Large is 9 MULTON LEA?

9 MULTON LEA is 76m² according to the EPC inspection conducted in July 2018. This puts it in the smallest 10% of detached houses in Chelmsford, based on EPC data. The below chart shows the distribution of detached houses by size in Chelmsford, and where 9 MULTON LEA lies on this distribution: 8% of detached houses are smaller than 9 MULTON LEA, and 92% of detached houses are larger. Note that EPC data is not available for all properties in Chelmsford.

9 MULTON LEA: Plot

9 MULTON LEA sits on a plot of roughly 0.055 of an acre, or 223m².

Where is 9 MULTON LEA?

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