18, ALLEN WAY, SPRINGFIELD, CHELMSFORD, CM2 6GF - £465,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

18 ALLEN WAY is a small extended detached house of 108m², built sometime between 2003 and 2006. It was last sold for £465,000 in November 2022, which was around 32% below the average November 2022 detached price in the Chelmsford local authority area. The most recent EPC inspection was November 2020, where the current energy rating was C, and the potential energy rating was B.

18 ALLEN WAY Sold Prices

Land registry data shows three sales for 18 ALLEN WAY 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 18 ALLEN WAY 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
2022 25 NOV	£465,000	£688,575	32% below HPI
2011 7 JAN	£270,000	£370,260	27% below HPI
2003 28 NOV	£177,000	£304,652	42% below HPI

18 ALLEN WAY 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 18 ALLEN WAY sales between November 2003 and November 2022 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 January 2011 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the November 2022 sale, where it falls to 32% below the HPI. The line then continues to track at 32% below the HPI.

How Large is 18 ALLEN WAY?

18 ALLEN WAY is 108m², which includes one extension, according to the EPC inspection conducted in November 2020. This puts it in the smallest 40% of detached houses in Chelmsford, based on EPC data. The below chart shows the distribution of detached houses by size in Chelmsford, and where 18 ALLEN WAY lies on this distribution: 38% of detached houses are smaller than 18 ALLEN WAY, and 61% of houses are larger. Note that EPC data is not available for all properties in Chelmsford.

18 ALLEN WAY: Plot and Title Map

18 ALLEN WAY sits on a plot of roughly 0.045 of an acre, or 182m². The below map shows the location of 18 ALLEN WAY, 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 18 ALLEN WAY). 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 18 ALLEN WAY?

18 ALLEN WAY is located in SPRINGFIELD, in the CM2 postcode district. The below map shows the position of No. 18 on ALLEN WAY.