15, MARTINGALE DRIVE, CHELMSFORD, CM1 6FN - £455,000

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.

15 MARTINGALE DRIVE is a very small detached house of 80m², built sometime between 1983 and 1990, which could now be worth an estimated £457,723. It was last sold for £455,000 in September 2024, which was around 31% below the average September 2024 detached price in the Chelmsford local authority area. The most recent EPC inspection was April 2024, where the current energy rating was C, and the potential energy rating was B.

15 MARTINGALE DRIVE Sold Prices

Land registry data shows two sales for 15 MARTINGALE DRIVE 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 MARTINGALE DRIVE 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 9 SEP	£455,000	£661,542	31% below HPI
2014 9 JUL	£260,000	£437,882	41% below HPI

15 MARTINGALE DRIVE 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 MARTINGALE DRIVE sales from July 2014 and September 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 July 2014 sale was for 41% below the HPI. So the extrapolation line tracks at 41% below the HPI over time, until the September 2024 sale, where it rises to 31% below the HPI. The line then continues to track at 31% below the HPI.

What might 15 MARTINGALE DRIVE be worth now?

15 MARTINGALE DRIVE might now be worth an estimated £457,723.

This is based on house price inflation of 0.6%, between September 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 0.6% inflationary increase is applied to the most recent sale price for 15 MARTINGALE DRIVE of £455,000 on 9th September 2024. For the value to have increased from £455,000 to £457,723 over the one year and seven months to February 2025, the following assumptions must hold true:

• The value of 15 MARTINGALE DRIVE has moved in line with the HPI for detached houses in the Chelmsford local authority area.
• The September 2024 sale price of £455,000 represented a fair market value for the property.
• The size, condition, and specification of 15 MARTINGALE DRIVE has not materially changed since September 2024.

How Large is 15 MARTINGALE DRIVE?

15 MARTINGALE DRIVE is 80m² according to the EPC inspection conducted in April 2024. This puts it in the smallest 20% 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 MARTINGALE DRIVE lies on this distribution: 10% of detached houses houses are smaller than 15 MARTINGALE DRIVE, and 89% of houses are larger. Note that EPC data is not available for all properties in Chelmsford.

15 MARTINGALE DRIVE: Plot and Title Map

15 MARTINGALE DRIVE sits on a plot of roughly 0.064 of an acre, or 257m². The below map shows the location of 15 MARTINGALE DRIVE, 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 MARTINGALE DRIVE). 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 MARTINGALE DRIVE?

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