3, THE DRIVE, CHELMSFORD, CM1 4JS - £370,000

3 THE DRIVE is a very small extended detached house of 64m², built sometime between 1900 and 1929. It was last sold for £370,000 in November 2020, which was around 37% below the average November 2020 detached price in the Chelmsford local authority area. The most recent EPC inspection was December 2009, where the current energy rating was D, and the potential energy rating was D.

3 THE DRIVE Sold Prices

Land registry data shows two sales for 3 THE 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 3 THE 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
2020 2 NOV	£370,000	£586,161	37% below HPI
1998 30 APR	£110,000	£136,361	19% below HPI

3 THE 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 3 THE DRIVE sales from April 1998 and November 2020 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 April 1998 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the November 2020 sale, where it falls to 37% below the HPI. The line then continues to track at 37% below the HPI.

How Large is 3 THE DRIVE?

3 THE DRIVE is 64m², which includes one extension, according to the EPC inspection conducted in December 2009. 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 3 THE DRIVE lies on this distribution: 3% of detached houses are smaller than 3 THE DRIVE, and 97% of houses are larger. Note that EPC data is not available for all properties in Chelmsford.

3 THE DRIVE: Plot and Title Map

3 THE DRIVE sits on a plot of roughly 0.096 of an acre, or 389m². The below map shows the location of 3 THE 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 3 THE 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 3 THE DRIVE?

3 THE DRIVE is located in CHELMSFORD, in the CM1 postcode district. The below map shows the position of No. 3 on THE DRIVE.