16, JASMINE CLOSE, CHELMSFORD, CM1 6XL - £175,000

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 JASMINE CLOSE is a very small extended detached house of 77m², built sometime between 1976 and 1982, which could now be worth an estimated £340,337. It was last sold for £175,000 in August 2009, which was around 49% below the average August 2009 detached price in the Chelmsford local authority area. The most recent EPC inspection was May 2009, where the current energy rating was F, and the potential energy rating was E.

16 JASMINE CLOSE Sold Prices

Land registry data shows two sales for 16 JASMINE CLOSE 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 16 JASMINE 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
2009 21 AUG	£175,000	£342,198	49% below HPI
2001 18 MAY	£90,250	£201,013	55% below HPI

16 JASMINE 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 two 16 JASMINE CLOSE sales from May 2001 and August 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 May 2001 sale was for 55% below the HPI. So the extrapolation line tracks at 55% below the HPI over time, until the August 2009 sale, where it rises to 49% below the HPI. The line then continues to track at 49% below the HPI.

What might 16 JASMINE CLOSE be worth now?

16 JASMINE CLOSE might now be worth an estimated £340,337.

This is based on house price inflation of 94.5%, between August 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 94.5% inflationary increase is applied to the most recent sale price for 16 JASMINE CLOSE of £175,000 on 21st August 2009. For the value to have increased from £175,000 to £340,337 over the sixteen years and six months to February 2025, the following assumptions must hold true:

• The value of 16 JASMINE CLOSE has moved in line with the HPI for detached houses in the Chelmsford local authority area.
• The August 2009 sale price of £175,000 represented a fair market value for the property.
• The size, condition, and specification of 16 JASMINE CLOSE has not materially changed since August 2009.

How Large is 16 JASMINE CLOSE?

16 JASMINE CLOSE is 77m², which includes one extension, according to the EPC inspection conducted in May 2009. 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 JASMINE CLOSE lies on this distribution: 9% of detached houses houses are smaller than 16 JASMINE CLOSE, and 91% of houses are larger. Note that EPC data is not available for all properties in Chelmsford.

16 JASMINE CLOSE: Plot and Title Map

16 JASMINE CLOSE sits on a plot of roughly 0.046 of an acre, or 185m². The below map shows the location of 16 JASMINE 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 JASMINE 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 JASMINE CLOSE?

16 JASMINE CLOSE is located in CHELMSFORD, in the CM1 postcode district. The below map shows the position of No. 16 on JASMINE CLOSE.