12, PRIORY CLOSE, CHELMSFORD, CM1 2SY - £250,000

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 PRIORY CLOSE is a midsized extended detached house of 131m², built sometime between 1950 and 1966, which could now be worth an estimated £449,231. It was last sold for £250,000 in October 2011, which was around 32% below the average October 2011 detached price in the Chelmsford local authority area. The most recent EPC inspection was October 2010, where the current energy rating was C, and the potential energy rating was C.

12 PRIORY CLOSE Sold Prices

Land registry data shows three sales for 12 PRIORY 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 PRIORY 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
2011 5 OCT	£250,000	£370,356	32% below HPI
2008 28 MAR	£275,000	£384,361	28% below HPI
1997 24 JUL	£108,000	£125,078	14% below HPI

12 PRIORY 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 PRIORY CLOSE sales between July 1997 and October 2011 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 March 2008 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the October 2011 sale, where it falls to 32% below the HPI. The line then continues to track at 32% below the HPI.

What might 12 PRIORY CLOSE be worth now?

12 PRIORY CLOSE might now be worth an estimated £449,231.

This is based on house price inflation of 79.7%, between October 2011 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 79.7% inflationary increase is applied to the most recent sale price for 12 PRIORY CLOSE of £250,000 on 5th October 2011. For the value to have increased from £250,000 to £449,231 over the fourteen years and eight months to February 2025, the following assumptions must hold true:

• The value of 12 PRIORY CLOSE has moved in line with the HPI for detached houses in the Chelmsford local authority area.
• The October 2011 sale price of £250,000 represented a fair market value for the property.
• The size, condition, and specification of 12 PRIORY CLOSE has not materially changed since October 2011.

How Large is 12 PRIORY CLOSE?

12 PRIORY CLOSE is 131m², which includes one extension, according to the EPC inspection conducted in October 2010. 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 PRIORY CLOSE lies on this distribution: 60% of detached houses houses are smaller than 12 PRIORY CLOSE, and 40% of houses are larger. Note that EPC data is not available for all properties in Chelmsford.

12 PRIORY CLOSE: Plot and Title Map

12 PRIORY CLOSE sits on a plot of roughly 0.083 of an acre, or 337m². The below map shows the location of 12 PRIORY 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 PRIORY 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 PRIORY CLOSE?

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