1, URBAN COTTAGES, THE STREET, HATFIELD PEVEREL, CHELMSFORD, CM3 2ET - £387,500

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 URBAN COTTAGES is a small extended semi-detached house of 105m², built sometime before 1900, which could now be worth an estimated £442,110. It was last sold for £387,500 in February 2021, which was around 31% above the average February 2021 semi-detached price in the Braintree local authority area. The most recent EPC inspection was November 2015, where the current energy rating was D, and the potential energy rating was B.

1 URBAN COTTAGES Sold Prices

Land registry data shows three sales for 1 URBAN COTTAGES since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the Braintree local authority area for the corresponding sale date. All of the three 1 URBAN COTTAGES 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 1 FEB	£387,500	£294,927	31% above HPI
2018 12 JAN	£357,500	£287,093	25% above HPI
2016 18 MAR	£365,000	£247,681	47% above HPI

1 URBAN COTTAGES Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Braintree local authority area over time, sourced from the HPI. The three 1 URBAN COTTAGES sales between March 2016 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 January 2018 sale was for 25% above the HPI. So the extrapolation line tracks at 25% above the HPI over time, until the February 2021 sale, where it rises to 31% above the HPI. The line then continues to track at 31% above the HPI.

What might 1 URBAN COTTAGES be worth now?

1 URBAN COTTAGES might now be worth an estimated £442,110.

This is based on house price inflation of 14.1%, between February 2021 and February 2025, for semi-detached houses, in the Braintree local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 14.1% inflationary increase is applied to the most recent sale price for 1 URBAN COTTAGES of £387,500 on 1st February 2021. For the value to have increased from £387,500 to £442,110 over the four years to February 2025, the following assumptions must hold true:

• The value of 1 URBAN COTTAGES has moved in line with the HPI for semi-detached houses in the Braintree local authority area.
• The February 2021 sale price of £387,500 represented a fair market value for the property.
• The size, condition, and specification of 1 URBAN COTTAGES has not materially changed since February 2021.

How Large is 1 URBAN COTTAGES?

1 URBAN COTTAGES is 105m², which includes one extension, according to the EPC inspection conducted in November 2015. This puts it in the smallest 40% of semi-detached houses houses in Hatfield Peverel, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Hatfield Peverel, and where 1 URBAN COTTAGES lies on this distribution: 34% of semi-detached houses houses are smaller than 1 URBAN COTTAGES, and 66% of houses are larger. Note that EPC data is not available for all properties in Hatfield Peverel.

1 URBAN COTTAGES: Plot and Title Map

1 URBAN COTTAGES sits on a plot of roughly 0.053 of an acre, or 214m². The below map shows the location of 1 URBAN COTTAGES, 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 URBAN COTTAGES). 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 URBAN COTTAGES?

1 URBAN COTTAGES is located on THE STREET in HATFIELD PEVEREL, in the CM3 postcode district. The below map shows the position of 1 URBAN COTTAGES on THE STREET.