18, LABURNUM WAY, HATFIELD PEVEREL, CHELMSFORD, CM3 2LP - £425,000

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 LABURNUM WAY is a midsized extended detached house of 128m², built sometime between 1967 and 1975. It was last sold for £425,000 in January 2017, which was around 5% below the average January 2017 detached price in the Braintree local authority area. The most recent EPC inspection was October 2016, where the current energy rating was E, and the potential energy rating was C.

18 LABURNUM WAY Sold Prices

Land registry data shows three sales for 18 LABURNUM 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 Braintree local authority area for the corresponding sale date. One of the three 18 LABURNUM WAY sales was for below the average price, whilst two were for above 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
2017 6 JAN	£425,000	£447,430	5% below HPI
2010 15 NOV	£321,500	£308,642	4% above HPI
1996 19 JUL	£97,000	£94,199	3% above HPI

18 LABURNUM WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Braintree local authority area over time, sourced from the HPI. The three 18 LABURNUM WAY sales between July 1996 and January 2017 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 2010 sale was for 4% above the HPI. So the extrapolation line tracks at 4% above the HPI over time, until the January 2017 sale, where it falls to 5% below the HPI. The line then continues to track at 5% below the HPI.

How Large is 18 LABURNUM WAY?

18 LABURNUM WAY is 128m², which includes one extension, according to the EPC inspection conducted in October 2016. This puts it in the largest 50% of detached houses in Hatfield Peverel, based on EPC data. The below chart shows the distribution of detached houses by size in Hatfield Peverel, and where 18 LABURNUM WAY lies on this distribution: 55% of detached houses are smaller than 18 LABURNUM WAY, and 44% of houses are larger. Note that EPC data is not available for all properties in Hatfield Peverel.

18 LABURNUM WAY: Plot and Title Map

18 LABURNUM WAY sits on a plot of roughly 0.112 of an acre, or 454m². The below map shows the location of 18 LABURNUM 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 LABURNUM 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 LABURNUM WAY?

18 LABURNUM WAY is located in HATFIELD PEVEREL, in the CM3 postcode district. The below map shows the position of No. 18 on LABURNUM WAY.