17, SPENLOW DRIVE, CHELMSFORD, CM1 4UQ - £450,000

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.

17 SPENLOW DRIVE is a midsized extended detached house of 121m², built sometime between 1976 and 1982, which could now be worth an estimated £502,045. It was last sold for £450,000 in September 2019, which was around 25% below the average September 2019 detached price in the Chelmsford local authority area. The most recent EPC inspection was September 2019, where the current energy rating was D, and the potential energy rating was B.

17 SPENLOW DRIVE Sold Prices

Land registry data shows two sales for 17 SPENLOW 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 17 SPENLOW 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
2019 18 SEP	£450,000	£596,511	25% below HPI
2009 31 JUL	£275,000	£335,489	18% below HPI

17 SPENLOW 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 17 SPENLOW DRIVE sales from July 2009 and September 2019 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 2009 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the September 2019 sale, where it falls to 25% below the HPI. The line then continues to track at 25% below the HPI.

What might 17 SPENLOW DRIVE be worth now?

17 SPENLOW DRIVE might now be worth an estimated £502,045.

This is based on house price inflation of 11.6%, between September 2019 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 11.6% inflationary increase is applied to the most recent sale price for 17 SPENLOW DRIVE of £450,000 on 18th September 2019. For the value to have increased from £450,000 to £502,045 over the six years and seven months to February 2025, the following assumptions must hold true:

• The value of 17 SPENLOW DRIVE has moved in line with the HPI for detached houses in the Chelmsford local authority area.
• The September 2019 sale price of £450,000 represented a fair market value for the property.
• The size, condition, and specification of 17 SPENLOW DRIVE has not materially changed since September 2019.

How Large is 17 SPENLOW DRIVE?

17 SPENLOW DRIVE is 121m², which includes one extension, according to the EPC inspection conducted in September 2019. This puts it in the largest 50% 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 17 SPENLOW DRIVE lies on this distribution: 51% of detached houses houses are smaller than 17 SPENLOW DRIVE, and 49% of houses are larger. Note that EPC data is not available for all properties in Chelmsford.

17 SPENLOW DRIVE: Plot and Title Map

17 SPENLOW DRIVE sits on a plot of roughly 0.085 of an acre, or 344m². The below map shows the location of 17 SPENLOW 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 17 SPENLOW 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 17 SPENLOW DRIVE?

17 SPENLOW DRIVE is located in CHELMSFORD, in the CM1 postcode district. The below map shows the position of No. 17 on SPENLOW DRIVE.