11, MICAWBER WAY, CHELMSFORD, CM1 4UG - £560,000

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 MICAWBER WAY is a large extended detached house of 157m², built sometime between 1976 and 1982, which could now be worth an estimated £650,185. It was last sold for £560,000 in July 2017, which was around 2% below the average July 2017 detached price in the Chelmsford local authority area. The most recent EPC inspection was April 2013, where the current energy rating was D, and the potential energy rating was C.

11 MICAWBER WAY Sold Prices

Land registry data shows two sales for 11 MICAWBER WAY 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. One of the two 11 MICAWBER WAY sales was for below the average price, whilst the other was 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
2017 13 JUL	£560,000	£573,192	2% below HPI
2013 10 JUL	£435,000	£392,077	11% above HPI

11 MICAWBER WAY 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 11 MICAWBER WAY sales from July 2013 and July 2017 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 July 2013 sale was for 11% above the HPI. So the extrapolation line tracks at 11% above the HPI over time, until the July 2017 sale, where it falls to 2% below the HPI. The line then continues to track at 2% below the HPI.

What might 11 MICAWBER WAY be worth now?

11 MICAWBER WAY might now be worth an estimated £650,185.

This is based on house price inflation of 16.1%, between July 2017 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 16.1% inflationary increase is applied to the most recent sale price for 11 MICAWBER WAY of £560,000 on 13th July 2017. For the value to have increased from £560,000 to £650,185 over the eight years and five months to February 2025, the following assumptions must hold true:

• The value of 11 MICAWBER WAY has moved in line with the HPI for detached houses in the Chelmsford local authority area.
• The July 2017 sale price of £560,000 represented a fair market value for the property.
• The size, condition, and specification of 11 MICAWBER WAY has not materially changed since July 2017.

How Large is 11 MICAWBER WAY?

11 MICAWBER WAY is 157m², which includes four extensions, according to the EPC inspection conducted in April 2013. This puts it in the largest 30% 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 MICAWBER WAY lies on this distribution: 76% of detached houses houses are smaller than 11 MICAWBER WAY, and 23% of houses are larger. Note that EPC data is not available for all properties in Chelmsford.

11 MICAWBER WAY: Plot and Title Map

11 MICAWBER WAY sits on a plot of roughly 0.123 of an acre, or 499m². The below map shows the location of 11 MICAWBER WAY, 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 MICAWBER WAY). 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 MICAWBER WAY?

11 MICAWBER WAY is located in CHELMSFORD, in the CM1 postcode district. The below map shows the position of No. 11 on MICAWBER WAY.