1, FORREST CLOSE, SOUTH WOODHAM FERRERS, CHELMSFORD, CM3 5NR - £90,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

1 FORREST CLOSE is a midsized detached house of 108m², built sometime between 1967 and 1975, which could now be worth an estimated £396,538. It was last sold for £90,000 in July 1999, which was around 40% below the average July 1999 detached price in the Chelmsford local authority area. The most recent EPC inspection was December 2020, where the current energy rating was D, and the potential energy rating was C.

1 FORREST CLOSE Sold Prices

Land registry data shows two sales for 1 FORREST CLOSE 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 1 FORREST CLOSE 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
1999 20 JUL	£90,000	£151,045	40% below HPI
1997 7 MAR	£67,500	£113,266	40% below HPI

1 FORREST CLOSE 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 1 FORREST CLOSE sales from March 1997 and July 1999 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 March 1997 sale was for 40% below the HPI. So the extrapolation line tracks at 40% below the HPI over time, until the July 1999 sale, which was also at 40% below the HPI.

What might 1 FORREST CLOSE be worth now?

1 FORREST CLOSE might now be worth an estimated £396,538.

This is based on house price inflation of 340.6%, between July 1999 and February 2025, for detached houses, in the Chelmsford local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 340.6% inflationary increase is applied to the most recent sale price for 1 FORREST CLOSE of £90,000 on 20th July 1999. For the value to have increased from £90,000 to £396,538 over the 26 years and five months to February 2025, the following assumptions must hold true:

• The value of 1 FORREST CLOSE has moved in line with the HPI for detached houses in the Chelmsford local authority area.
• The July 1999 sale price of £90,000 represented a fair market value for the property.
• The size, condition, and specification of 1 FORREST CLOSE has not materially changed since July 1999.

How Large is 1 FORREST CLOSE?

1 FORREST CLOSE is 108m² according to the EPC inspection conducted in December 2020. This puts it in the smallest 50% of detached houses houses in South Woodham Ferrers, based on EPC data. The below chart shows the distribution of detached houses houses by size in South Woodham Ferrers, and where 1 FORREST CLOSE lies on this distribution: 46% of detached houses houses are smaller than 1 FORREST CLOSE, and 53% of houses are larger. Note that EPC data is not available for all properties in South Woodham Ferrers.

1 FORREST CLOSE: Plot and Title Map

1 FORREST CLOSE sits on a plot of roughly 0.100 of an acre, or 405m². The below map shows the location of 1 FORREST CLOSE, 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 FORREST CLOSE). 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 FORREST CLOSE?

1 FORREST CLOSE is located in SOUTH WOODHAM FERRERS, in the CM3 postcode district. The below map shows the position of No. 1 on FORREST CLOSE.