12, MITCHELL WAY, SOUTH WOODHAM FERRERS, CHELMSFORD, CM3 5PJ - £313,000

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 MITCHELL WAY is a very small detached house of 82m², built sometime between 1976 and 1982, which could now be worth an estimated £350,792. It was last sold for £313,000 in May 2021, which was around 47% below the average May 2021 detached price in the Chelmsford local authority area. The most recent EPC inspection was June 2020, where the current energy rating was C, and the potential energy rating was B.

12 MITCHELL WAY Sold Prices

Land registry data shows two sales for 12 MITCHELL 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. Both of the two 12 MITCHELL WAY 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 11 MAY	£313,000	£593,804	47% below HPI
2002 12 APR	£120,000	£234,480	49% below HPI

12 MITCHELL 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 12 MITCHELL WAY sales from April 2002 and May 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 April 2002 sale was for 49% below the HPI. So the extrapolation line tracks at 49% below the HPI over time, until the May 2021 sale, where it rises to 47% below the HPI. The line then continues to track at 47% below the HPI.

What might 12 MITCHELL WAY be worth now?

12 MITCHELL WAY might now be worth an estimated £350,792.

This is based on house price inflation of 12.1%, between May 2021 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 12.1% inflationary increase is applied to the most recent sale price for 12 MITCHELL WAY of £313,000 on 11th May 2021. For the value to have increased from £313,000 to £350,792 over the four years and three months to February 2025, the following assumptions must hold true:

• The value of 12 MITCHELL WAY has moved in line with the HPI for detached houses in the Chelmsford local authority area.
• The May 2021 sale price of £313,000 represented a fair market value for the property.
• The size, condition, and specification of 12 MITCHELL WAY has not materially changed since May 2021.

How Large is 12 MITCHELL WAY?

12 MITCHELL WAY is 82m² according to the EPC inspection conducted in June 2020. This puts it in the smallest 20% of detached houses houses in South Woodham Ferrers, based on EPC data. The below chart shows the distribution of detached houses houses by size in South Woodham Ferrers, and where 12 MITCHELL WAY lies on this distribution: 15% of detached houses houses are smaller than 12 MITCHELL WAY, and 84% of houses are larger. Note that EPC data is not available for all properties in South Woodham Ferrers.

12 MITCHELL WAY: Plot and Title Map

12 MITCHELL WAY sits on a plot of roughly 0.031 of an acre, or 125m². The below map shows the location of 12 MITCHELL 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 12 MITCHELL 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 12 MITCHELL WAY?

12 MITCHELL WAY is located in SOUTH WOODHAM FERRERS, in the CM3 postcode district. The below map shows the position of No. 12 on MITCHELL WAY.