1, MEARNS PLACE, CHELMSFORD, CM2 6TT - £340,000

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 MEARNS PLACE is a very small terraced house of 61m², built sometime between 1983 and 1990, which could now be worth an estimated £390,182. It was last sold for £340,000 in February 2021, which was around 13% above the average February 2021 terraced price in the Chelmsford local authority area. The most recent EPC inspection was July 2013, where the current energy rating was D, and the potential energy rating was B.

1 MEARNS PLACE Sold Prices

Land registry data shows four sales for 1 MEARNS PLACE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average terraced price in the Chelmsford local authority area for the corresponding sale date. All of the four 1 MEARNS PLACE 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
2021 18 FEB	£340,000	£300,095	13% above HPI
2013 18 OCT	£225,000	£196,051	15% above HPI
2006 16 JUN	£184,000	£171,695	7% above HPI
1999 30 MAR	£76,950	£63,437	21% above HPI

1 MEARNS PLACE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Chelmsford local authority area over time, sourced from the HPI. The four 1 MEARNS PLACE sales between March 1999 and February 2021 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 October 2013 sale was for 15% above the HPI. So the extrapolation line tracks at 15% above the HPI over time, until the February 2021 sale, where it falls to 13% above the HPI. The line then continues to track at 13% above the HPI.

What might 1 MEARNS PLACE be worth now?

1 MEARNS PLACE might now be worth an estimated £390,182.

This is based on house price inflation of 14.8%, between February 2021 and June 2025, for terraced 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 14.8% inflationary increase is applied to the most recent sale price for 1 MEARNS PLACE of £340,000 on 18th February 2021. For the value to have increased from £340,000 to £390,182 over the three years and eight months to June 2025, the following assumptions must hold true:

• The value of 1 MEARNS PLACE has moved in line with the HPI for terraced houses in the Chelmsford local authority area.
• The February 2021 sale price of £340,000 represented a fair market value for the property.
• The size, condition, and specification of 1 MEARNS PLACE has not materially changed since February 2021.

How Large is 1 MEARNS PLACE?

1 MEARNS PLACE is 61m² according to the EPC inspection conducted in July 2013. This puts it in the smallest 10% of terraced houses houses in Chelmsford, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Chelmsford, and where 1 MEARNS PLACE lies on this distribution: 2% of terraced houses houses are smaller than 1 MEARNS PLACE, and 98% of houses are larger. Note that EPC data is not available for all properties in Chelmsford.

1 MEARNS PLACE: Plot and Title Map

1 MEARNS PLACE sits on a plot of roughly 0.078 of an acre, or 314m². The below map shows the location of 1 MEARNS PLACE, 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 MEARNS PLACE). 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 MEARNS PLACE?

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