131A, INCHBONNIE ROAD, SOUTH WOODHAM FERRERS, CHELMSFORD, CM3 5ZW - £500,000

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.

131A INCHBONNIE ROAD is a large extended detached house of 135m², built sometime between 2003 and 2006, which could now be worth an estimated £558,650. It was last sold for £500,000 in October 2020, which was around 16% below the average October 2020 detached price in the Chelmsford local authority area. The most recent EPC inspection was May 2017, where the current energy rating was D, and the potential energy rating was C.

131A INCHBONNIE ROAD Sold Prices

Land registry data shows three sales for 131A INCHBONNIE ROAD 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 131A INCHBONNIE ROAD 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
2020 7 OCT	£500,000	£595,633	16% below HPI
2007 27 APR	£345,000	£367,557	6% below HPI
2003 22 AUG	£250,000	£300,735	17% below HPI

131A INCHBONNIE ROAD 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 131A INCHBONNIE ROAD sales between August 2003 and October 2020 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 2007 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the October 2020 sale, where it falls to 16% below the HPI. The line then continues to track at 16% below the HPI.

What might 131A INCHBONNIE ROAD be worth now?

131A INCHBONNIE ROAD might now be worth an estimated £558,650.

This is based on house price inflation of 11.7%, between October 2020 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 11.7% inflationary increase is applied to the most recent sale price for 131A INCHBONNIE ROAD of £500,000 on 7th October 2020. For the value to have increased from £500,000 to £558,650 over the five years and eight months to February 2025, the following assumptions must hold true:

• The value of 131A INCHBONNIE ROAD has moved in line with the HPI for detached houses in the Chelmsford local authority area.
• The October 2020 sale price of £500,000 represented a fair market value for the property.
• The size, condition, and specification of 131A INCHBONNIE ROAD has not materially changed since October 2020.

How Large is 131A INCHBONNIE ROAD?

131A INCHBONNIE ROAD is 135m², which includes two extensions, according to the EPC inspection conducted in May 2017. This puts it in the largest 30% 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 131A INCHBONNIE ROAD lies on this distribution: 73% of detached houses houses are smaller than 131A INCHBONNIE ROAD, and 26% of houses are larger. Note that EPC data is not available for all properties in South Woodham Ferrers.

131A INCHBONNIE ROAD: Plot and Title Map

131A INCHBONNIE ROAD sits on a plot of roughly 0.085 of an acre, or 342m². The below map shows the location of 131A INCHBONNIE ROAD, 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 131A INCHBONNIE ROAD). 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 131A INCHBONNIE ROAD?

131A INCHBONNIE ROAD is located in SOUTH WOODHAM FERRERS, in the CM3 postcode district. The below map shows the position of No. 131A on INCHBONNIE ROAD.