17, THE DRIVE, CHELMSFORD, CM1 4JS - £550,000

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 THE DRIVE is a large extended detached house of 145m², built sometime between 1930 and 1949, which could now be worth an estimated £595,216. It was last sold for £550,000 in September 2021, which was around 11% below the average September 2021 detached price in the Chelmsford local authority area. The most recent EPC inspection was July 2021, where the current energy rating was D, and the potential energy rating was C.

17 THE DRIVE Sold Prices

Land registry data shows three sales for 17 THE DRIVE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Chelmsford local authority area for the corresponding sale date. All of the three 17 THE 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
2021 27 SEP	£550,000	£614,946	11% below HPI
2005 4 NOV	£300,000	£330,918	9% below HPI
2001 15 MAR	£115,000	£198,645	42% below HPI

17 THE 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 three 17 THE DRIVE sales between March 2001 and September 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 November 2005 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the September 2021 sale, where it falls to 11% below the HPI. The line then continues to track at 11% below the HPI.

What might 17 THE DRIVE be worth now?

17 THE DRIVE might now be worth an estimated £595,216.

This is based on house price inflation of 8.2%, between September 2021 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 8.2% inflationary increase is applied to the most recent sale price for 17 THE DRIVE of £550,000 on 27th September 2021. For the value to have increased from £550,000 to £595,216 over the four years and seven months to February 2025, the following assumptions must hold true:

• The value of 17 THE DRIVE has moved in line with the HPI for detached houses in the Chelmsford local authority area.
• The September 2021 sale price of £550,000 represented a fair market value for the property.
• The size, condition, and specification of 17 THE DRIVE has not materially changed since September 2021.

How Large is 17 THE DRIVE?

17 THE DRIVE is 145m², which includes one extension, according to the EPC inspection conducted in July 2021. This puts it in the largest 30% 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 THE DRIVE lies on this distribution: 70% of detached houses houses are smaller than 17 THE DRIVE, and 29% of houses are larger. Note that EPC data is not available for all properties in Chelmsford.

17 THE DRIVE: Plot and Title Map

17 THE DRIVE sits on a plot of roughly 0.110 of an acre, or 446m². The below map shows the location of 17 THE 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 THE 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 THE DRIVE?

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