1, MERTON PLACE, SOUTH WOODHAM FERRERS, CHELMSFORD, CM3 5YW - £451,750

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 MERTON PLACE is a midsized detached house of 106m², built sometime between 1983 and 1990, which could now be worth an estimated £501,555. It was last sold for £451,750 in May 2019, which was around 25% below the average May 2019 detached price in the Chelmsford local authority area. The most recent EPC inspection was April 2011, where the current energy rating was D, and the potential energy rating was C.

1 MERTON PLACE Sold Prices

Land registry data shows three sales for 1 MERTON PLACE 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 MERTON PLACE 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
2019 31 MAY	£451,750	£599,416	25% below HPI
2011 7 OCT	£290,000	£370,356	22% below HPI
1996 24 MAY	£83,950	£103,829	19% below HPI

1 MERTON PLACE 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 MERTON PLACE sales between May 1996 and May 2019 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 2011 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the May 2019 sale, where it falls to 25% below the HPI. The line then continues to track at 25% below the HPI.

What might 1 MERTON PLACE be worth now?

1 MERTON PLACE might now be worth an estimated £501,555.

This is based on house price inflation of 11%, between May 2019 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 11% inflationary increase is applied to the most recent sale price for 1 MERTON PLACE of £451,750 on 31st May 2019. For the value to have increased from £451,750 to £501,555 over the six years and three months to February 2025, the following assumptions must hold true:

• The value of 1 MERTON PLACE has moved in line with the HPI for detached houses in the Chelmsford local authority area.
• The May 2019 sale price of £451,750 represented a fair market value for the property.
• The size, condition, and specification of 1 MERTON PLACE has not materially changed since May 2019.

How Large is 1 MERTON PLACE?

1 MERTON PLACE is 106m² according to the EPC inspection conducted in April 2011. 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 MERTON PLACE lies on this distribution: 43% of detached houses houses are smaller than 1 MERTON PLACE, and 57% of houses are larger. Note that EPC data is not available for all properties in South Woodham Ferrers.

1 MERTON PLACE: Plot and Title Map

1 MERTON PLACE sits on a plot of roughly 0.108 of an acre, or 437m². The below map shows the location of 1 MERTON 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 MERTON 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 MERTON PLACE?

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