12, MATFIELD CLOSE, CHELMSFORD, CM1 7TP - £525,000

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.

12 MATFIELD CLOSE is a midsized extended detached house of 127m², built sometime between 1967 and 1975, which could now be worth an estimated £531,872. It was last sold for £525,000 in May 2024, which was around 20% below the average May 2024 detached price in the Chelmsford local authority area. The most recent EPC inspection was January 2018, where the current energy rating was D, and the potential energy rating was B.

12 MATFIELD CLOSE Sold Prices

Land registry data shows three sales for 12 MATFIELD CLOSE 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 12 MATFIELD CLOSE 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
2024 3 MAY	£525,000	£656,903	20% below HPI
2018 21 AUG	£522,000	£582,108	10% below HPI
1995 15 DEC	£85,100	£104,246	18% below HPI

12 MATFIELD 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 three 12 MATFIELD CLOSE sales between December 1995 and May 2024 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 August 2018 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the May 2024 sale, where it falls to 20% below the HPI. The line then continues to track at 20% below the HPI.

What might 12 MATFIELD CLOSE be worth now?

12 MATFIELD CLOSE might now be worth an estimated £531,872.

This is based on house price inflation of 1.3%, between May 2024 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 1.3% inflationary increase is applied to the most recent sale price for 12 MATFIELD CLOSE of £525,000 on 3rd May 2024. For the value to have increased from £525,000 to £531,872 over the one year and three months to February 2025, the following assumptions must hold true:

• The value of 12 MATFIELD CLOSE has moved in line with the HPI for detached houses in the Chelmsford local authority area.
• The May 2024 sale price of £525,000 represented a fair market value for the property.
• The size, condition, and specification of 12 MATFIELD CLOSE has not materially changed since May 2024.

How Large is 12 MATFIELD CLOSE?

12 MATFIELD CLOSE is 127m², which includes two extensions, according to the EPC inspection conducted in January 2018. This puts it in the largest 50% 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 12 MATFIELD CLOSE lies on this distribution: 56% of detached houses houses are smaller than 12 MATFIELD CLOSE, and 44% of houses are larger. Note that EPC data is not available for all properties in Chelmsford.

12 MATFIELD CLOSE: Plot and Title Map

12 MATFIELD CLOSE sits on a plot of roughly 0.080 of an acre, or 322m². The below map shows the location of 12 MATFIELD 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 12 MATFIELD 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 12 MATFIELD CLOSE?

12 MATFIELD CLOSE is located in CHELMSFORD, in the CM1 postcode district. The below map shows the position of No. 12 on MATFIELD CLOSE.