2, BANDHILLS CLOSE, SOUTH WOODHAM FERRERS, CHELMSFORD, CM3 5JW - £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.

2 BANDHILLS CLOSE is a very small extended detached house of 70m², built sometime between 1950 and 1966, which could now be worth an estimated £455,890. It was last sold for £450,000 in May 2024, which was around 31% below the average May 2024 detached price in the Chelmsford local authority area. The most recent EPC inspection was July 2023, where the current energy rating was D, and the potential energy rating was B.

2 BANDHILLS CLOSE Sold Prices

Land registry data shows three sales for 2 BANDHILLS 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. All of the three 2 BANDHILLS CLOSE 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
2024 22 MAY	£450,000	£656,903	31% below HPI
2004 9 DEC	£244,500	£328,026	25% below HPI
2001 16 NOV	£120,000	£219,043	45% below HPI

2 BANDHILLS 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 BANDHILLS CLOSE sales between November 2001 and May 2024 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 December 2004 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the May 2024 sale, where it falls to 31% below the HPI. The line then continues to track at 31% below the HPI.

What might 2 BANDHILLS CLOSE be worth now?

2 BANDHILLS CLOSE might now be worth an estimated £455,890.

This is based on house price inflation of 1.3%, between May 2024 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 1.3% inflationary increase is applied to the most recent sale price for 2 BANDHILLS CLOSE of £450,000 on 22nd May 2024. For the value to have increased from £450,000 to £455,890 over the one year and three months to February 2025, the following assumptions must hold true:

• The value of 2 BANDHILLS CLOSE has moved in line with the HPI for detached houses in the Chelmsford local authority area.
• The May 2024 sale price of £450,000 represented a fair market value for the property.
• The size, condition, and specification of 2 BANDHILLS CLOSE has not materially changed since May 2024.

How Large is 2 BANDHILLS CLOSE?

2 BANDHILLS CLOSE is 70m², which includes one extension, according to the EPC inspection conducted in July 2023. This puts it in the smallest 10% of detached houses houses in South Woodham Ferrers, based on EPC data. The below chart shows the distribution of detached houses houses by size in South Woodham Ferrers, and where 2 BANDHILLS CLOSE lies on this distribution: 7% of detached houses houses are smaller than 2 BANDHILLS CLOSE, and 93% of houses are larger. Note that EPC data is not available for all properties in South Woodham Ferrers.

2 BANDHILLS CLOSE: Plot and Title Map

2 BANDHILLS CLOSE sits on a plot of roughly 0.097 of an acre, or 391m². The below map shows the location of 2 BANDHILLS 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 BANDHILLS 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 BANDHILLS CLOSE?

2 BANDHILLS CLOSE is located in SOUTH WOODHAM FERRERS, in the CM3 postcode district. The below map shows the position of No. 2 on BANDHILLS CLOSE.