15, LOUVAIN DRIVE, SPRINGFIELD, CHELMSFORD, CM1 6BA - £650,000

15 LOUVAIN DRIVE is a large detached house of 140m², built sometime between 1996 and 2002. It was last sold for £650,000 in November 2016, which was around 22% above the average November 2016 detached price in the Chelmsford local authority area. The most recent EPC inspection was September 2013, where the current energy rating was D, and the potential energy rating was C.

15 LOUVAIN DRIVE Sold Prices

Land registry data shows four sales for 15 LOUVAIN DRIVE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Chelmsford local authority area for the corresponding sale date. All of the four 15 LOUVAIN DRIVE 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
2016 17 NOV	£650,000	£534,455	22% above HPI
2014 5 FEB	£475,000	£410,178	16% above HPI
2004 29 JUL	£425,000	£319,375	33% above HPI
2000 31 AUG	£275,000	£191,264	44% above HPI

15 LOUVAIN DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Chelmsford local authority area over time, sourced from the HPI. The four 15 LOUVAIN DRIVE sales between August 2000 and November 2016 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the February 2014 sale was for 16% above the HPI. So the extrapolation line tracks at 16% above the HPI over time, until the November 2016 sale, where it rises to 22% above the HPI. The line then continues to track at 22% above the HPI.

How Large is 15 LOUVAIN DRIVE?

15 LOUVAIN DRIVE is 140m² according to the EPC inspection conducted in September 2013. 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 15 LOUVAIN DRIVE lies on this distribution: 66% of detached houses are smaller than 15 LOUVAIN DRIVE, and 33% of houses are larger. Note that EPC data is not available for all properties in Chelmsford.

15 LOUVAIN DRIVE: Plot and Title Map

15 LOUVAIN DRIVE sits on a plot of roughly 0.086 of an acre, or 346m². The below map shows the location of 15 LOUVAIN DRIVE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 15 LOUVAIN DRIVE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 15 LOUVAIN DRIVE?

15 LOUVAIN DRIVE is located in SPRINGFIELD, in the CM1 postcode district. The below map shows the position of No. 15 on LOUVAIN DRIVE.