15, CORPORATION ROAD, CHELMSFORD, CM1 2AR - £262,250

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.

15 CORPORATION ROAD is a very small detached house of 72m², built sometime between 2007 and 2011, which could now be worth an estimated £538,702. It was last sold for £262,250 in May 2009, which was around 19% below the average May 2009 detached price in the Chelmsford local authority area. The most recent EPC inspection was January 2021, where the current energy rating was C, and the potential energy rating was B.

15 CORPORATION ROAD Sold Prices

Land registry data shows two sales for 15 CORPORATION ROAD 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 15 CORPORATION 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
2009 1 MAY	£262,250	£323,978	19% below HPI
2002 30 OCT	£169,950	£268,144	37% below HPI

15 CORPORATION 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 two 15 CORPORATION ROAD sales from October 2002 and May 2009 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 October 2002 sale was for 37% below the HPI. So the extrapolation line tracks at 37% below the HPI over time, until the May 2009 sale, where it rises to 19% below the HPI. The line then continues to track at 19% below the HPI.

What might 15 CORPORATION ROAD be worth now?

15 CORPORATION ROAD might now be worth an estimated £538,702.

This is based on house price inflation of 105.4%, between May 2009 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 105.4% inflationary increase is applied to the most recent sale price for 15 CORPORATION ROAD of £262,250 on 1st May 2009. For the value to have increased from £262,250 to £538,702 over the sixteen years and three months to February 2025, the following assumptions must hold true:

• The value of 15 CORPORATION ROAD has moved in line with the HPI for detached houses in the Chelmsford local authority area.
• The May 2009 sale price of £262,250 represented a fair market value for the property.
• The size, condition, and specification of 15 CORPORATION ROAD has not materially changed since May 2009.

How Large is 15 CORPORATION ROAD?

15 CORPORATION ROAD is 72m² according to the EPC inspection conducted in January 2021. This puts it in the smallest 10% 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 15 CORPORATION ROAD lies on this distribution: 6% of detached houses houses are smaller than 15 CORPORATION ROAD, and 94% of houses are larger. Note that EPC data is not available for all properties in Chelmsford.

15 CORPORATION ROAD: Plot and Title Map

15 CORPORATION ROAD sits on a plot of roughly 1.2 acres, or 4,827m². The below map shows the location of 15 CORPORATION 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 15 CORPORATION 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 15 CORPORATION ROAD?

15 CORPORATION ROAD is located in CHELMSFORD, in the CM1 postcode district. The below map shows the position of No. 15 on CORPORATION ROAD.