11, MEARNS PLACE, CHELMSFORD, CM2 6TT - £397,000

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.

11 MEARNS PLACE is a very small detached house of 72m², built sometime between 1991 and 1995, which could now be worth an estimated £461,243. It was last sold for £397,000 in June 2021, which was around 34% below the average June 2021 detached price in the Chelmsford local authority area. The most recent EPC inspection was December 2019, where the current energy rating was C, and the potential energy rating was B.

11 MEARNS PLACE Sold Prices

Land registry data shows five sales for 11 MEARNS PLACE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Chelmsford local authority area for the corresponding sale date. All of the five 11 MEARNS 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
2021 30 JUN	£397,000	£599,220	34% below HPI
2010 29 JAN	£240,000	£357,323	33% below HPI
2002 5 JUL	£139,000	£255,277	46% below HPI
1999 18 JUN	£99,407	£149,658	34% below HPI
1997 11 SEP	£87,000	£128,784	32% below HPI

11 MEARNS 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 five 11 MEARNS PLACE sales between September 1997 and June 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 2010 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the June 2021 sale, where it falls to 34% below the HPI. The line then continues to track at 34% below the HPI.

What might 11 MEARNS PLACE be worth now?

11 MEARNS PLACE might now be worth an estimated £461,243.

This is based on house price inflation of 16.2%, between June 2021 and June 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 16.2% inflationary increase is applied to the most recent sale price for 11 MEARNS PLACE of £397,000 on 30th June 2021. For the value to have increased from £397,000 to £461,243 over the four years to June 2025, the following assumptions must hold true:

• The value of 11 MEARNS PLACE has moved in line with the HPI for detached houses in the Chelmsford local authority area.
• The June 2021 sale price of £397,000 represented a fair market value for the property.
• The size, condition, and specification of 11 MEARNS PLACE has not materially changed since June 2021.

How Large is 11 MEARNS PLACE?

11 MEARNS PLACE is 72m² according to the EPC inspection conducted in December 2019. This puts it in the smallest 10% of detached houses houses in Chelmsford, based on EPC data. The below chart shows the distribution of detached houses houses by size in Chelmsford, and where 11 MEARNS PLACE lies on this distribution: 6% of detached houses houses are smaller than 11 MEARNS PLACE, and 94% of houses are larger. Note that EPC data is not available for all properties in Chelmsford.

11 MEARNS PLACE: Plot and Title Map

11 MEARNS PLACE sits on a plot of roughly 0.051 of an acre, or 207m². The below map shows the location of 11 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 11 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 11 MEARNS PLACE?

11 MEARNS PLACE is located in CHELMSFORD, in the CM2 postcode district. The below map shows the position of No. 11 on MEARNS PLACE.