1, ARNOLD WAY, CHELMSFORD, CM2 8PA - £505,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

1 ARNOLD WAY is a very small detached house of 94m², built sometime between 1976 and 1982. It was last sold for £505,000 in November 2022, which was around 27% below the average November 2022 detached price in the Chelmsford local authority area. The most recent EPC inspection was August 2009, where the current energy rating was C, and the potential energy rating was C.

1 ARNOLD WAY Sold Prices

Land registry data shows six sales for 1 ARNOLD WAY since 1^st January 1995. The below table shows the price paid for the six sales, along with the average detached price in the Chelmsford local authority area for the corresponding sale date. All of the six 1 ARNOLD WAY 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
2022 25 NOV	£505,000	£688,575	27% below HPI
2016 4 MAY	£417,000	£510,650	18% below HPI
2010 24 MAY	£295,000	£366,667	20% below HPI
2007 2 MAR	£280,000	£356,309	21% below HPI
2001 3 AUG	£175,000	£209,836	17% below HPI
1997 8 AUG	£99,000	£126,702	22% below HPI

1 ARNOLD WAY 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 six 1 ARNOLD WAY sales between August 1997 and November 2022 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 May 2016 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the November 2022 sale, where it falls to 27% below the HPI. The line then continues to track at 27% below the HPI.

How Large is 1 ARNOLD WAY?

1 ARNOLD WAY is 94m² according to the EPC inspection conducted in August 2009. This puts it in the smallest 20% of detached houses in Galleywood, based on EPC data. The below chart shows the distribution of detached houses by size in Galleywood, and where 1 ARNOLD WAY lies on this distribution: 15% of detached houses are smaller than 1 ARNOLD WAY, and 85% of houses are larger. Note that EPC data is not available for all properties in Galleywood.

1 ARNOLD WAY: Plot and Title Map

1 ARNOLD WAY sits on a plot of roughly 0.064 of an acre, or 260m². The below map shows the location of 1 ARNOLD WAY, 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 1 ARNOLD WAY). 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 1 ARNOLD WAY?

1 ARNOLD WAY is located in CHELMSFORD, in the CM2 postcode district. The below map shows the position of No. 1 on ARNOLD WAY.