2, CHASE DRIVE, SOUTH WOODHAM FERRERS, CHELMSFORD, CM3 5PR - £285,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

2 CHASE DRIVE is a large extended detached house of 129m², built sometime between 1967 and 1975, which could now be worth an estimated £510,005. It was last sold for £285,000 in August 2011, which was around 23% below the average August 2011 detached price in the Chelmsford local authority area. The most recent EPC inspection was June 2011, where the current energy rating was D, and the potential energy rating was D.

2 CHASE DRIVE Sold Prices

Land registry data shows two sales for 2 CHASE DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Chelmsford local authority area for the corresponding sale date. Both of the two 2 CHASE 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
2011 30 AUG	£285,000	£371,894	23% below HPI
2001 29 NOV	£172,500	£219,043	21% below HPI

2 CHASE 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 two 2 CHASE DRIVE sales from November 2001 and August 2011 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 2001 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the August 2011 sale, where it falls to 23% below the HPI. The line then continues to track at 23% below the HPI.

What might 2 CHASE DRIVE be worth now?

2 CHASE DRIVE might now be worth an estimated £510,005.

This is based on house price inflation of 78.9%, between August 2011 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 78.9% inflationary increase is applied to the most recent sale price for 2 CHASE DRIVE of £285,000 on 30th August 2011. For the value to have increased from £285,000 to £510,005 over the fourteen years and six months to February 2025, the following assumptions must hold true:

• The value of 2 CHASE DRIVE has moved in line with the HPI for detached houses in the Chelmsford local authority area.
• The August 2011 sale price of £285,000 represented a fair market value for the property.
• The size, condition, and specification of 2 CHASE DRIVE has not materially changed since August 2011.

How Large is 2 CHASE DRIVE?

2 CHASE DRIVE is 129m², which includes one extension, according to the EPC inspection conducted in June 2011. This puts it in the largest 40% 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 CHASE DRIVE lies on this distribution: 70% of detached houses houses are smaller than 2 CHASE DRIVE, and 30% of houses are larger. Note that EPC data is not available for all properties in South Woodham Ferrers.

2 CHASE DRIVE: Plot and Title Map

2 CHASE DRIVE sits on a plot of roughly 0.074 of an acre, or 300m². The below map shows the location of 2 CHASE 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 2 CHASE 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 2 CHASE DRIVE?

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