1, PEARMAINS, GREAT LEIGHS, CHELMSFORD, CM3 1QS - £338,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

1 PEARMAINS is a small detached house of 112m², built sometime between 1996 and 2002. It was last sold for £338,000 in September 2015, which was around 31% below the average September 2015 detached price in the Chelmsford local authority area. The most recent EPC inspection was December 2014, where the current energy rating was D, and the potential energy rating was C.

1 PEARMAINS Sold Prices

Land registry data shows three sales for 1 PEARMAINS 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 PEARMAINS 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 4 SEP	£338,000	£487,822	31% below HPI
2005 24 OCT	£282,000	£332,955	15% below HPI
2002 20 DEC	£229,995	£280,602	18% below HPI

1 PEARMAINS 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 PEARMAINS sales between December 2002 and September 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 October 2005 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the September 2015 sale, where it falls to 31% below the HPI. The line then continues to track at 31% below the HPI.

What might 1 PEARMAINS be worth now?

1 PEARMAINS might now be worth an estimated £462,670.

This is based on house price inflation of 36.9%, between September 2015 and December 2024, 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 36.9% inflationary increase is applied to the most recent sale price for 1 PEARMAINS of £338,000 on 4th September 2015. For the value to have increased from £338,000 to £462,670 over the eight years and nine months to December 2024, the following assumptions must hold true:

• The value of 1 PEARMAINS has moved in line with the HPI for detached houses in the Chelmsford local authority area.
• The September 2015 sale price of £338,000 represented a fair market value for the property.
• The size, condition, and specification of 1 PEARMAINS has not materially changed since September 2015.

How Large is 1 PEARMAINS?

1 PEARMAINS is 112m² according to the EPC inspection conducted in December 2014. This puts it in the smallest 40% of detached houses houses in Great Leighs, based on EPC data. The below chart shows the distribution of detached houses houses by size in Great Leighs, and where 1 PEARMAINS lies on this distribution: 33% of detached houses houses are smaller than 1 PEARMAINS, and 67% of houses are larger. Note that EPC data is not available for all properties in Great Leighs.

1 PEARMAINS: Plot and Title Map

1 PEARMAINS sits on a plot of roughly 0.066 of an acre, or 266m². The below map shows the location of 1 PEARMAINS, 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 PEARMAINS). 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 PEARMAINS?

1 PEARMAINS is located in GREAT LEIGHS, in the CM3 postcode district. The below map shows the position of No. 1 on PEARMAINS.