1, STROM OLSEN CLOSE, RUNWELL, WICKFORD, SS11 7GF - £705,000

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 STROM OLSEN CLOSE is a large detached house of 157m². It was last sold for £705,000 in August 2022, which was around 2% above the average August 2022 detached price in the Chelmsford local authority area. The most recent EPC inspection was December 2016, where the current energy rating was B, and the potential energy rating was A.

1 STROM OLSEN CLOSE Sold Prices

Land registry data shows two sales for 1 STROM OLSEN 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 STROM OLSEN CLOSE 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
2022 24 AUG	£705,000	£688,470	2% above HPI
2016 15 DEC	£580,000	£536,950	8% above HPI

1 STROM OLSEN 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 STROM OLSEN CLOSE sales from December 2016 and August 2022 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 December 2016 sale was for 8% above the HPI. So the extrapolation line tracks at 8% above the HPI over time, until the August 2022 sale, where it falls to 2% above the HPI. The line then continues to track at 2% above the HPI.

How Large is 1 STROM OLSEN CLOSE?

1 STROM OLSEN CLOSE is 157m² according to the EPC inspection conducted in December 2016. This puts it in the largest 30% of detached houses in Runwell, based on EPC data. The below chart shows the distribution of detached houses by size in Runwell, and where 1 STROM OLSEN CLOSE lies on this distribution: 74% of detached houses are smaller than 1 STROM OLSEN CLOSE, and 22% of houses are larger. Note that EPC data is not available for all properties in Runwell.

1 STROM OLSEN CLOSE: Plot and Title Map

1 STROM OLSEN CLOSE sits on a plot of roughly 0.141 of an acre, or 572m². The below map shows the location of 1 STROM OLSEN 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 STROM OLSEN 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 STROM OLSEN CLOSE?

1 STROM OLSEN CLOSE is located in RUNWELL, in the SS11 postcode district. The below map shows the position of No. 1 on STROM OLSEN CLOSE.