2, ARMONDE CLOSE, BOREHAM, CHELMSFORD, CM3 3GA - £437,500

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.

2 ARMONDE CLOSE is a midsized detached house of 107m², built sometime between 1996 and 2002, which could now be worth an estimated £516,168. It was last sold for £437,500 in June 2018, which was around 22% below the average June 2018 detached price in the Chelmsford local authority area. The most recent EPC inspection was April 2009, where the current energy rating was C, and the potential energy rating was C.

2 ARMONDE CLOSE Sold Prices

Land registry data shows three sales for 2 ARMONDE CLOSE 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. Two of the three 2 ARMONDE CLOSE sales were for below the average price, whilst one was 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
2018 22 JUN	£437,500	£564,073	22% below HPI
2009 16 JUL	£300,000	£335,489	11% below HPI
1996 18 SEP	£124,450	£111,444	12% above HPI

2 ARMONDE 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 three 2 ARMONDE CLOSE sales between September 1996 and June 2018 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 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the June 2018 sale, where it falls to 22% below the HPI. The line then continues to track at 22% below the HPI.

What might 2 ARMONDE CLOSE be worth now?

2 ARMONDE CLOSE might now be worth an estimated £516,168.

This is based on house price inflation of 18%, between June 2018 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 18% inflationary increase is applied to the most recent sale price for 2 ARMONDE CLOSE of £437,500 on 22nd June 2018. For the value to have increased from £437,500 to £516,168 over the seven years and four months to February 2025, the following assumptions must hold true:

• The value of 2 ARMONDE CLOSE has moved in line with the HPI for detached houses in the Chelmsford local authority area.
• The June 2018 sale price of £437,500 represented a fair market value for the property.
• The size, condition, and specification of 2 ARMONDE CLOSE has not materially changed since June 2018.

How Large is 2 ARMONDE CLOSE?

2 ARMONDE CLOSE is 107m² according to the EPC inspection conducted in April 2009. This puts it in the smallest 50% of detached houses houses in Boreham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Boreham, and where 2 ARMONDE CLOSE lies on this distribution: 49% of detached houses houses are smaller than 2 ARMONDE CLOSE, and 51% of houses are larger. Note that EPC data is not available for all properties in Boreham.

2 ARMONDE CLOSE: Plot and Title Map

2 ARMONDE CLOSE sits on a plot of roughly 0.079 of an acre, or 319m². The below map shows the location of 2 ARMONDE 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 2 ARMONDE 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 2 ARMONDE CLOSE?

2 ARMONDE CLOSE is located in BOREHAM, in the CM3 postcode district. The below map shows the position of No. 2 on ARMONDE CLOSE.