36, THE DRIVE, CHELMSFORD, CM1 4JS - £308,000

36 THE DRIVE is a very small extended detached house of 80m², built sometime between 1930 and 1949. It was last sold for £308,000 in April 2012, which was around 17% below the average April 2012 detached price in the Chelmsford local authority area. The most recent EPC inspection was November 2011, where the current energy rating was D, and the potential energy rating was D.

36 THE DRIVE Sold Prices

Land registry data shows three sales for 36 THE DRIVE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Chelmsford local authority area for the corresponding sale date. All of the three 36 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
2012 10 APR	£308,000	£370,284	17% below HPI
2005 23 JUN	£280,000	£328,061	15% below HPI
2004 19 MAR	£200,000	£310,731	36% below HPI

36 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 three 36 THE DRIVE sales between March 2004 and April 2012 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 June 2005 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the April 2012 sale, where it falls to 17% below the HPI. The line then continues to track at 17% below the HPI.

How Large is 36 THE DRIVE?

36 THE DRIVE is 80m², which includes one extension, according to the EPC inspection conducted in November 2011. 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 36 THE DRIVE lies on this distribution: 10% of detached houses are smaller than 36 THE DRIVE, and 89% of houses are larger. Note that EPC data is not available for all properties in Chelmsford.

36 THE DRIVE: Plot and Title Map

36 THE DRIVE sits on a plot of roughly 0.111 of an acre, or 449m². The below map shows the location of 36 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 36 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 36 THE DRIVE?

36 THE DRIVE is located in CHELMSFORD, in the CM1 postcode district. The below map shows the position of No. 36 on THE DRIVE.