1, HOMESTEAD, BROOMFIELD, CHELMSFORD, CM1 7WT - £350,000

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 HOMESTEAD is a small detached house of 107m², built sometime between 1991 and 1995. It was last sold for £350,000 in October 2015, which was around 29% below the average October 2015 detached price in the Chelmsford local authority area. The most recent EPC inspection was October 2008, where the current energy rating was D, and the potential energy rating was D.

1 HOMESTEAD Sold Prices

Land registry data shows three sales for 1 HOMESTEAD 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 1 HOMESTEAD 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
2015 2 OCT	£350,000	£492,136	29% below HPI
2006 10 MAR	£270,000	£331,825	19% below HPI
2000 15 FEB	£154,950	£173,378	11% below HPI

1 HOMESTEAD 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 1 HOMESTEAD sales between February 2000 and October 2015 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 2006 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the October 2015 sale, where it falls to 29% below the HPI. The line then continues to track at 29% below the HPI.

How Large is 1 HOMESTEAD?

1 HOMESTEAD is 107m² according to the EPC inspection conducted in October 2008. This puts it in the smallest 40% of detached houses in Chelmsford, based on EPC data. The below chart shows the distribution of detached houses by size in Chelmsford, and where 1 HOMESTEAD lies on this distribution: 38% of detached houses are smaller than 1 HOMESTEAD, and 62% of houses are larger. Note that EPC data is not available for all properties in Chelmsford.

1 HOMESTEAD: Plot and Title Map

1 HOMESTEAD sits on a plot of roughly 0.073 of an acre, or 294m². The below map shows the location of 1 HOMESTEAD, 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 HOMESTEAD). 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 HOMESTEAD?

1 HOMESTEAD is located in BROOMFIELD, in the CM1 postcode district. The below map shows the position of No. 1 on HOMESTEAD.