16, CLARENCE CLOSE, CHELMSFORD, CM2 6SE - £360,000

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.

16 CLARENCE CLOSE is a very small detached house of 76m², built sometime between 1983 and 1990, which could now be worth an estimated £405,447. It was last sold for £360,000 in May 2021, which was around 39% below the average May 2021 detached price in the Chelmsford local authority area. The most recent EPC inspection was October 2012, where the current energy rating was D, and the potential energy rating was B.

16 CLARENCE CLOSE Sold Prices

Land registry data shows five sales for 16 CLARENCE CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Chelmsford local authority area for the corresponding sale date. All of the five 16 CLARENCE 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
2021 28 MAY	£360,000	£593,804	39% below HPI
2013 23 OCT	£225,000	£402,879	44% below HPI
2001 1 OCT	£145,000	£218,374	34% below HPI
2000 30 MAY	£114,500	£180,781	37% below HPI
1997 21 APR	£84,000	£116,095	28% below HPI

16 CLARENCE 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 five 16 CLARENCE CLOSE sales between April 1997 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 October 2013 sale was for 44% below the HPI. So the extrapolation line tracks at 44% below the HPI over time, until the May 2021 sale, where it rises to 39% below the HPI. The line then continues to track at 39% below the HPI.

What might 16 CLARENCE CLOSE be worth now?

16 CLARENCE CLOSE might now be worth an estimated £405,447.

This is based on house price inflation of 12.6%, between May 2021 and March 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 12.6% inflationary increase is applied to the most recent sale price for 16 CLARENCE CLOSE of £360,000 on 28th May 2021. For the value to have increased from £360,000 to £405,447 over the four years and two months to March 2025, the following assumptions must hold true:

• The value of 16 CLARENCE CLOSE has moved in line with the HPI for detached houses in the Chelmsford local authority area.
• The May 2021 sale price of £360,000 represented a fair market value for the property.
• The size, condition, and specification of 16 CLARENCE CLOSE has not materially changed since May 2021.

How Large is 16 CLARENCE CLOSE?

16 CLARENCE CLOSE is 76m² according to the EPC inspection conducted in October 2012. 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 16 CLARENCE CLOSE lies on this distribution: 8% of detached houses houses are smaller than 16 CLARENCE CLOSE, and 92% of houses are larger. Note that EPC data is not available for all properties in Chelmsford.

16 CLARENCE CLOSE: Plot and Title Map

16 CLARENCE CLOSE sits on a plot of roughly 0.036 of an acre, or 146m². The below map shows the location of 16 CLARENCE 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 16 CLARENCE 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 16 CLARENCE CLOSE?

16 CLARENCE CLOSE is located in CHELMSFORD, in the CM2 postcode district. The below map shows the position of No. 16 on CLARENCE CLOSE.