2, ALMA DRIVE, CHELMSFORD, CM1 1TW - £295,000

2 ALMA DRIVE is a very small extended detached house of 82m², built sometime between 1950 and 1966. It was last sold for £295,000 in October 2019, which was around 50% below the average October 2019 detached price in the Chelmsford local authority area. The most recent EPC inspection was May 2019, where the current energy rating was D, and the potential energy rating was B.

2 ALMA DRIVE Sold Prices

Land registry data shows two sales for 2 ALMA DRIVE 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 2 ALMA DRIVE sales were for below 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
2019 9 OCT	£295,000	£587,605	50% below HPI
1998 14 DEC	£95,000	£144,235	34% below HPI

2 ALMA 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 two 2 ALMA DRIVE sales from December 1998 and October 2019 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 December 1998 sale was for 34% below the HPI. So the extrapolation line tracks at 34% below the HPI over time, until the October 2019 sale, where it falls to 50% below the HPI. The line then continues to track at 50% below the HPI.

How Large is 2 ALMA DRIVE?

2 ALMA DRIVE is 82m², which includes one extension, according to the EPC inspection conducted in May 2019. This puts it in the smallest 20% of detached houses in Chelmsford, based on EPC data. The below chart shows the distribution of detached houses by size in Chelmsford, and where 2 ALMA DRIVE lies on this distribution: 12% of detached houses are smaller than 2 ALMA DRIVE, and 87% of houses are larger. Note that EPC data is not available for all properties in Chelmsford.

2 ALMA DRIVE: Plot and Title Map

2 ALMA DRIVE sits on a plot of roughly 0.062 of an acre, or 251m². The below map shows the location of 2 ALMA 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 2 ALMA 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 2 ALMA DRIVE?

2 ALMA DRIVE is located in CHELMSFORD, in the CM1 postcode district. The below map shows the position of No. 2 on ALMA DRIVE.