5, LOUVAIN DRIVE, SPRINGFIELD, CHELMSFORD, CM1 6BA - £625,000

5 LOUVAIN DRIVE is a very large extended detached house of 192m², built sometime between 1996 and 2002. It was last sold for £625,000 in October 2016, which was around 16% above the average October 2016 detached price in the Chelmsford local authority area. The most recent EPC inspection was January 2016, where the current energy rating was D, and the potential energy rating was C.

5 LOUVAIN DRIVE Sold Prices

Land registry data shows two sales for 5 LOUVAIN 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 5 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 18 OCT	£625,000	£539,749	16% above HPI
2006 11 AUG	£410,000	£342,418	20% above HPI

5 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 two 5 LOUVAIN DRIVE sales from August 2006 and October 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 August 2006 sale was for 20% above the HPI. So the extrapolation line tracks at 20% above the HPI over time, until the October 2016 sale, where it falls to 16% above the HPI. The line then continues to track at 16% above the HPI.

How Large is 5 LOUVAIN DRIVE?

5 LOUVAIN DRIVE is 192m², which includes one extension, according to the EPC inspection conducted in January 2016. This puts it in the largest 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 5 LOUVAIN DRIVE lies on this distribution: 90% of detached houses are smaller than 5 LOUVAIN DRIVE, and 10% of houses are larger. Note that EPC data is not available for all properties in Chelmsford.

5 LOUVAIN DRIVE: Plot and Title Map

5 LOUVAIN DRIVE sits on a plot of roughly 0.130 of an acre, or 526m². The below map shows the location of 5 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 5 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 5 LOUVAIN DRIVE?

5 LOUVAIN DRIVE is located in SPRINGFIELD, in the CM1 postcode district. The below map shows the position of No. 5 on LOUVAIN DRIVE.